City Holding Co. held its position in shares of HollyFrontier Corporation (NYSE:HFC) during the second quarter, Holdings Channel reports. The firm owned 5,000 shares of the oil and gas company’s stock at the end of the second quarter. City Holding Co.’s holdings in HollyFrontier Corporation were worth $137,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Trust Co raised its position in shares of HollyFrontier Corporation by 33.4% in the fourth quarter. Trust Co now owns 16,495 shares of the oil and gas company’s stock worth $540,000 after buying an additional 4,130 shares during the period. Princeton Alpha Management LP purchased a new stake in HollyFrontier Corporation during the first quarter worth about $223,000. Russell Investments Group Ltd. purchased a new stake in HollyFrontier Corporation during the fourth quarter worth about $2,246,000. Edge Asset Management Inc. increased its stake in HollyFrontier Corporation by 1.6% in the first quarter. Edge Asset Management Inc. now owns 2,418,323 shares of the oil and gas company’s stock worth $68,536,000 after buying an additional 38,591 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in HollyFrontier Corporation by 232.7% in the first quarter. SG Americas Securities LLC now owns 19,716 shares of the oil and gas company’s stock worth $559,000 after buying an additional 13,790 shares in the last quarter. 84.44% of the stock is owned by institutional investors and hedge funds.
HollyFrontier Corporation (NYSE HFC) traded up 0.85% on Monday, reaching $27.32. The company’s stock had a trading volume of 3,325,934 shares. The firm has a 50-day moving average of $26.01 and a 200 day moving average of $28.39. HollyFrontier Corporation has a 12-month low of $22.13 and a 12-month high of $34.78. The company’s market capitalization is $4.79 billion.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.08. HollyFrontier Corporation had a negative net margin of 2.82% and a positive return on equity of 1.37%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up 52.6% on a year-over-year basis. On average, equities research analysts anticipate that HollyFrontier Corporation will post $1.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.83%. The ex-dividend date was Friday, May 19th. HollyFrontier Corporation’s payout ratio is currently -70.59%.
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A number of equities research analysts have issued reports on the company. BidaskClub upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Barclays PLC boosted their price target on HollyFrontier Corporation from $58.00 to $63.00 and gave the company a “hold” rating in a research note on Monday, April 17th. Scotiabank set a $29.00 price objective on HollyFrontier Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Credit Suisse Group downgraded HollyFrontier Corporation from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $30.00 to $33.00 in a research note on Thursday, May 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of HollyFrontier Corporation in a research note on Monday, May 22nd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. HollyFrontier Corporation currently has a consensus rating of “Hold” and an average price target of $32.32.
About HollyFrontier Corporation
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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