APG Asset Management N.V. Has $26.08 Million Stake in HollyFrontier Corporation (NYSE:HFC)

APG Asset Management N.V. boosted its position in shares of HollyFrontier Corporation (NYSE:HFC) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 949,317 shares of the oil and gas company’s stock after buying an additional 100,500 shares during the period. APG Asset Management N.V. owned 0.54% of HollyFrontier Corporation worth $26,078,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its stake in HollyFrontier Corporation by 11.3% in the first quarter. Toronto Dominion Bank now owns 3,759 shares of the oil and gas company’s stock worth $107,000 after buying an additional 382 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in HollyFrontier Corporation by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock worth $118,000 after buying an additional 236 shares during the last quarter. First Mercantile Trust Co. raised its stake in HollyFrontier Corporation by 5,539.1% in the first quarter. First Mercantile Trust Co. now owns 6,485 shares of the oil and gas company’s stock worth $184,000 after buying an additional 6,370 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in HollyFrontier Corporation during the fourth quarter worth $213,000. Finally, Van ECK Associates Corp raised its stake in HollyFrontier Corporation by 18.1% in the first quarter. Van ECK Associates Corp now owns 7,001 shares of the oil and gas company’s stock worth $198,000 after buying an additional 1,073 shares during the last quarter. 84.94% of the stock is owned by institutional investors and hedge funds.

HollyFrontier Corporation (NYSE:HFC) traded down 2.82% on Tuesday, hitting $29.63. 3,844,345 shares of the stock traded hands. HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $34.78. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 37.55 and a beta of 1.24. The stock has a 50-day moving average of $27.69 and a 200-day moving average of $27.69.

HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Analysts forecast that HollyFrontier Corporation will post $1.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is presently 167.09%.

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A number of research firms recently weighed in on HFC. BidaskClub raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank raised shares of HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Barclays PLC raised their price objective on shares of HollyFrontier Corporation from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Royal Bank Of Canada raised their price objective on shares of HollyFrontier Corporation from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.32.

HollyFrontier Corporation Company Profile

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).