Green Square Capital LLC increased its position in shares of HollyFrontier Corporation (NYSE:HFC) by 3.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 183,198 shares of the oil and gas company’s stock after buying an additional 5,676 shares during the period. Green Square Capital LLC owned approximately 0.10% of HollyFrontier Corporation worth $5,192,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of HollyFrontier Corporation during the fourth quarter worth $2,246,000. Aberdeen Asset Management PLC UK boosted its stake in shares of HollyFrontier Corporation by 3.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 57,114 shares of the oil and gas company’s stock worth $1,871,000 after buying an additional 1,985 shares during the period. Comerica Bank boosted its stake in shares of HollyFrontier Corporation by 6.8% in the fourth quarter. Comerica Bank now owns 145,553 shares of the oil and gas company’s stock worth $4,371,000 after buying an additional 9,224 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of HollyFrontier Corporation by 6.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 44,327 shares of the oil and gas company’s stock worth $1,452,000 after buying an additional 2,529 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of HollyFrontier Corporation by 18.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,368,892 shares of the oil and gas company’s stock worth $110,373,000 after buying an additional 528,496 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.
HollyFrontier Corporation (NYSE:HFC) traded up 2.94% during trading on Thursday, reaching $26.63. The company had a trading volume of 3,067,544 shares. The firm’s market capitalization is $4.67 billion. HollyFrontier Corporation has a 12-month low of $22.07 and a 12-month high of $34.78. The firm’s 50 day moving average price is $26.06 and its 200 day moving average price is $28.60.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.66 billion. HollyFrontier Corporation had a positive return on equity of 1.37% and a negative net margin of 2.82%. The company’s revenue was up 52.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. Analysts anticipate that HollyFrontier Corporation will post $1.30 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Tuesday, May 23rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 4.96%. HollyFrontier Corporation’s dividend payout ratio is currently -70.59%.
HFC has been the topic of a number of analyst reports. Tudor Pickering cut HollyFrontier Corporation from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Scotiabank set a $29.00 price target on HollyFrontier Corporation and gave the company a “hold” rating in a research report on Monday, March 27th. Barclays PLC reiterated an “overweight” rating and issued a $37.00 price target (down from $39.00) on shares of HollyFrontier Corporation in a research report on Friday, April 14th. Credit Suisse Group cut HollyFrontier Corporation from an “outperform” rating to a “neutral” rating and upped their price target for the company from $30.00 to $33.00 in a research report on Thursday, May 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of HollyFrontier Corporation in a research report on Monday, May 22nd. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.32.
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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