United Bank VA trimmed its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 27.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,615 shares of the oil and gas company’s stock after selling 23,206 shares during the quarter. HollyFrontier Corporation accounts for approximately 2.1% of United Bank VA’s investment portfolio, making the stock its 22nd largest holding. United Bank VA’s holdings in HollyFrontier Corporation were worth $2,216,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of HollyFrontier Corporation by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,760,488 shares of the oil and gas company’s stock worth $75,829,000 after purchasing an additional 11,604 shares during the last quarter. Comerica Bank lifted its position in shares of HollyFrontier Corporation by 0.6% during the second quarter. Comerica Bank now owns 153,411 shares of the oil and gas company’s stock worth $4,230,000 after purchasing an additional 964 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of HollyFrontier Corporation by 2.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 507,510 shares of the oil and gas company’s stock worth $13,941,000 after purchasing an additional 12,343 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of HollyFrontier Corporation by 5.4% during the second quarter. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company’s stock worth $100,845,000 after purchasing an additional 184,984 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of HollyFrontier Corporation by 1.7% during the second quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock worth $435,236,000 after purchasing an additional 260,132 shares during the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://theolympiareport.com/2017/11/01/hollyfrontier-corporation-hfc-shares-sold-by-united-bank-va.html.

HollyFrontier Corporation (NYSE:HFC) traded up 5.55% during trading on Wednesday, reaching $39.00. The company’s stock had a trading volume of 853,625 shares. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $39.25. The stock has a 50 day moving average price of $35.39 and a 200 day moving average price of $29.71. The stock has a market capitalization of $6.84 billion, a PE ratio of 49.49 and a beta of 1.23.

HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.26. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. HollyFrontier Corporation’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Analysts anticipate that HollyFrontier Corporation will post $1.73 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. Macquarie reiterated an “underperform” rating on shares of HollyFrontier Corporation in a research report on Monday, October 23rd. Royal Bank Of Canada restated a “buy” rating and set a $42.00 price target on shares of HollyFrontier Corporation in a research note on Wednesday, October 18th. Cowen and Company restated a “hold” rating and set a $30.00 price target on shares of HollyFrontier Corporation in a research note on Tuesday, October 17th. Zacks Investment Research upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, October 17th. Finally, Barclays PLC restated an “overweight” rating and set a $40.00 price target (up previously from $39.00) on shares of HollyFrontier Corporation in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.62.

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).

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

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