South Dakota Investment Council Has $3,088,000 Holdings in HollyFrontier Corporation (HFC)

South Dakota Investment Council maintained its position in HollyFrontier Corporation (NYSE:HFC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,400 shares of the oil and gas company’s stock at the close of the 2nd quarter. South Dakota Investment Council owned about 0.06% of HollyFrontier Corporation worth $3,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. lifted its holdings in shares of HollyFrontier Corporation by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 71 shares during the last quarter. Utah Retirement Systems lifted its holdings in shares of HollyFrontier Corporation by 0.3% during the 1st quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock worth $838,000 after acquiring an additional 100 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of HollyFrontier Corporation by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of HollyFrontier Corporation by 0.6% during the 1st 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 acquiring an additional 143 shares during the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of HollyFrontier Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after acquiring an additional 173 shares during the last quarter. 83.84% of the stock is owned by institutional investors.

Shares of HollyFrontier Corporation (HFC) opened at 32.40 on Friday. The company’s 50-day moving average is $29.52 and its 200 day moving average is $27.73. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 41.12 and a beta of 1.21. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $34.78.

HollyFrontier Corporation (NYSE:HFC) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. Equities analysts anticipate that HollyFrontier Corporation will post $1.40 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is 167.09%.

A number of brokerages recently commented on HFC. Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of HollyFrontier Corporation in a research report on Friday. Scotiabank reiterated a “buy” rating and issued a $33.00 target price on shares of HollyFrontier Corporation in a research report on Friday. BidaskClub upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Barclays PLC lifted their target price on shares of HollyFrontier Corporation from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three investment 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’s stock. HollyFrontier Corporation currently has an average rating of “Hold” and an average target price of $31.15.

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HollyFrontier Corporation 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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Institutional Ownership by Quarter for HollyFrontier Corporation (NYSE:HFC)

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