Klingenstein Fields & Co. LLC acquired a new position in shares of HollyFrontier Corporation (NYSE:HFC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,000 shares of the oil and gas company’s stock, valued at approximately $252,000.
Several other large investors also recently bought and sold shares of HFC. Teachers Advisors LLC boosted its position in shares of HollyFrontier Corporation by 2.2% during the 1st quarter. Teachers Advisors LLC now owns 410,968 shares of the oil and gas company’s stock worth $11,647,000 after purchasing an additional 9,031 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of HollyFrontier Corporation in the 1st quarter valued at $246,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of HollyFrontier Corporation by 0.6% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 164,856 shares of the oil and gas company’s stock valued at $4,672,000 after purchasing an additional 982 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in HollyFrontier Corporation by 81.7% during the 1st quarter. Tudor Investment Corp ET AL now owns 14,532 shares of the oil and gas company’s stock worth $412,000 after acquiring an additional 6,532 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in HollyFrontier Corporation by 4.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 29,379 shares of the oil and gas company’s stock worth $833,000 after acquiring an additional 1,269 shares in the last quarter. 81.50% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on HFC shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 price objective on shares of HollyFrontier Corporation in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, October 17th. Tudor Pickering upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Barclays PLC restated an “overweight” rating and set a $40.00 target price (up previously from $39.00) on shares of HollyFrontier Corporation in a research report on Tuesday, October 10th. Finally, J P Morgan Chase & Co cut shares of HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $33.00 to $34.00 in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. HollyFrontier Corporation currently has an average rating of “Hold” and a consensus price target of $36.89.
Shares of HollyFrontier Corporation (HFC) traded up $1.94 during trading on Monday, hitting $42.08. 1,145,653 shares of the stock traded hands, compared to its average volume of 2,520,000. The firm has a market capitalization of $7,120.00, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. HollyFrontier Corporation has a twelve month low of $22.63 and a twelve month high of $41.34.
HollyFrontier Corporation (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier Corporation’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. analysts anticipate that HollyFrontier Corporation will post 1.94 earnings per share for the current year.
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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