Regentatlantic Capital LLC acquired a new position in HollyFrontier Corp (NYSE:HFC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,764 shares of the oil and gas company’s stock, valued at approximately $668,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of HFC. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of HollyFrontier by 375.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $130,000 after buying an additional 1,500 shares during the period. Transamerica Financial Advisors Inc. purchased a new stake in shares of HollyFrontier in the 2nd quarter worth about $145,000. Synovus Financial Corp purchased a new stake in shares of HollyFrontier in the 1st quarter worth about $151,000. Smithfield Trust Co. grew its position in shares of HollyFrontier by 2,619.0% in the 2nd quarter. Smithfield Trust Co. now owns 2,855 shares of the oil and gas company’s stock worth $195,000 after buying an additional 2,750 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of HollyFrontier in the 2nd quarter worth about $219,000. Institutional investors and hedge funds own 83.56% of the company’s stock.
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In other HollyFrontier news, Director Michael Jennings sold 10,000 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $66.36, for a total transaction of $663,600.00. Following the transaction, the director now owns 35,917 shares in the company, valued at approximately $2,383,452.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Lawrence Voliva III sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $80.97, for a total transaction of $566,790.00. Following the completion of the transaction, the chief financial officer now owns 43,363 shares in the company, valued at approximately $3,511,102.11. The disclosure for this sale can be found here. Insiders have sold a total of 189,271 shares of company stock worth $13,591,907 in the last 90 days. Company insiders own 0.51% of the company’s stock.
HollyFrontier opened at $68.91 on Friday, according to MarketBeat Ratings. The company has a current ratio of 2.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.39. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 29.70, a P/E/G ratio of 1.47 and a beta of 1.12. HollyFrontier Corp has a 52-week low of $27.04 and a 52-week high of $83.28.
HollyFrontier (NYSE:HFC) last posted its earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.23). The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.14 billion. HollyFrontier had a net margin of 7.31% and a return on equity of 10.21%. HollyFrontier’s revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. analysts expect that HollyFrontier Corp will post 5.64 EPS for the current year.
A number of analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $70.00 target price on shares of HollyFrontier in a research report on Friday. Zacks Investment Research downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Deutsche Bank increased their price objective on shares of HollyFrontier from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Tudor Pickering raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Friday, May 18th. Finally, Mizuho began coverage on shares of HollyFrontier in a research report on Wednesday. They set a “neutral” rating and a $75.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $62.18.
HollyFrontier Company Profile
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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