Marshall Wace LLP Takes $2.19 Million Position in HollyFrontier Corp (HFC)

Marshall Wace LLP purchased a new stake in shares of HollyFrontier Corp (NYSE:HFC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,987 shares of the oil and gas company’s stock, valued at approximately $2,189,000.

Several other hedge funds have also recently added to or reduced their stakes in HFC. Premia Global Advisors LLC purchased a new stake in shares of HollyFrontier during the second quarter valued at about $101,000. Harel Insurance Investments & Financial Services Ltd. raised 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 valued at $130,000 after purchasing an additional 1,500 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new position in shares of HollyFrontier in the 2nd quarter valued at approximately $145,000. IMA Wealth Inc. purchased a new position in shares of HollyFrontier in the 2nd quarter valued at approximately $149,000. Finally, Advisors Preferred LLC purchased a new position in shares of HollyFrontier in the 2nd quarter valued at approximately $175,000. 87.83% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HFC opened at $65.50 on Thursday. HollyFrontier Corp has a twelve month low of $33.31 and a twelve month high of $83.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.21 and a current ratio of 2.38. The company has a market capitalization of $12.25 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 1.27 and a beta of 1.11.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.18). HollyFrontier had a return on equity of 12.10% and a net margin of 8.62%. The business had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the company posted $0.66 EPS. HollyFrontier’s quarterly revenue was up 29.3% compared to the same quarter last year. analysts forecast that HollyFrontier Corp will post 5.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, August 23rd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 2.02%. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.

Several equities analysts recently commented on the stock. Credit Suisse Group increased their price objective on shares of HollyFrontier from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, June 4th. ValuEngine lowered shares of HollyFrontier from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 11th. Wells Fargo & Co increased their price objective on shares of HollyFrontier from $63.00 to $69.00 and gave the company a “market perform” rating in a research report on Tuesday, May 29th. Mizuho assumed coverage on shares of HollyFrontier in a research report on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, Argus increased their price objective on shares of HollyFrontier to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 24th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $62.18.

About HollyFrontier

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.

Recommended Story: Calculate Your Return on Investment (ROI)

Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply