California Public Employees Retirement System raised its position in HollyFrontier Corp (NYSE:HFC) by 29.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,799 shares of the oil and gas company’s stock after buying an additional 82,843 shares during the period. California Public Employees Retirement System’s holdings in HollyFrontier were worth $19,407,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. bought a new position in shares of HollyFrontier in the third quarter worth about $25,000. Cornerstone Advisors Inc. raised its stake in shares of HollyFrontier by 66.5% in the third quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 210 shares during the last quarter. Amica Retiree Medical Trust bought a new position in shares of HollyFrontier in the second quarter worth about $31,000. Bridger Capital Management LLC bought a new position in shares of HollyFrontier in the third quarter worth about $34,000. Finally, AdvisorNet Financial Inc bought a new position in shares of HollyFrontier in the second quarter worth about $39,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.
HFC opened at $54.14 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.11. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45. The firm has a 50 day simple moving average of $54.29 and a 200 day simple moving average of $47.84. HollyFrontier Corp has a fifty-two week low of $37.73 and a fifty-two week high of $65.30.
HFC has been the subject of a number of research analyst reports. Wells Fargo & Co boosted their target price on shares of HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. dropped their target price on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday. Finally, ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.52.
In related news, SVP Thomas G. Creery sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $57.50, for a total transaction of $287,500.00. Following the completion of the sale, the senior vice president now directly owns 90,004 shares of the company’s stock, valued at $5,175,230. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
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