Rockland Trust Co. purchased a new position in HollyFrontier Corporation (NYSE:HFC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,829 shares of the oil and gas company’s stock, valued at approximately $957,000.
A number of other institutional investors have also recently bought and sold shares of the company. Utah Retirement Systems increased its position in HollyFrontier Corporation by 0.3% in the first quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock worth $838,000 after buying an additional 100 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in HollyFrontier Corporation by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,037 shares of the oil and gas company’s stock worth $710,000 after buying an additional 143 shares during the period. World Asset Management Inc increased its position in HollyFrontier Corporation by 1.1% in the second quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after buying an additional 173 shares during the period. Mn Services Vermogensbeheer B.V. increased its position 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 period. Finally, Northwestern Mutual Investment Management Company LLC increased its position in HollyFrontier Corporation by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 30,565 shares of the oil and gas company’s stock worth $866,000 after buying an additional 267 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.
HollyFrontier Corporation (NYSE HFC) traded up 0.88% on Friday, hitting $27.66. The company’s stock had a trading volume of 1,821,234 shares. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $34.78. The company has a 50 day moving average price of $28.19 and a 200-day moving average price of $27.61. The company has a market capitalization of $4.85 billion, a P/E ratio of 35.10 and a beta of 1.24.
HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, equities analysts forecast that HollyFrontier Corporation will post $1.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.32 dividend on an annualized basis and a yield of 4.77%. HollyFrontier Corporation’s payout ratio is presently 167.09%.
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A number of equities analysts recently commented on the company. Zacks Investment Research upgraded HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. US Capital Advisors reiterated a “hold” rating on shares of HollyFrontier Corporation in a research note on Monday, May 22nd. BidaskClub upgraded HollyFrontier Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Finally, Simmons restated a “neutral” rating and issued a $25.00 target price (down from $27.00) on shares of HollyFrontier Corporation in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus 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).
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