Janus Henderson Group PLC Trims Position in HollyFrontier Corp (HFC)
Janus Henderson Group PLC lessened its position in shares of HollyFrontier Corp (NYSE:HFC) by 91.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,774 shares of the oil and gas company’s stock after selling 581,181 shares during the quarter. Janus Henderson Group PLC’s holdings in HollyFrontier were worth $2,078,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC increased its position in HollyFrontier by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 100 shares during the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new stake in HollyFrontier during the second quarter valued at $204,000. Toronto Dominion Bank increased its position in HollyFrontier by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 235 shares during the last quarter. Coastline Trust Co increased its position in HollyFrontier by 2.8% during the second quarter. Coastline Trust Co now owns 15,195 shares of the oil and gas company’s stock valued at $418,000 after acquiring an additional 420 shares during the last quarter. Finally, Spears Abacus Advisors LLC increased its position in HollyFrontier by 5.7% during the second quarter. Spears Abacus Advisors LLC now owns 10,138 shares of the oil and gas company’s stock valued at $278,000 after acquiring an additional 543 shares during the last quarter. Institutional investors own 83.21% of the company’s stock.
HFC has been the subject of a number of research reports. Cowen reiterated a “hold” rating and set a $30.00 price objective on shares of HollyFrontier in a research report on Tuesday, October 17th. Scotiabank upgraded HollyFrontier from an “outperform” rating to a “focus stock” rating and upped their price objective for the company from $33.00 to $39.00 in a research report on Saturday, September 30th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, October 17th. Bank of America cut HollyFrontier from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Finally, ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $40.67.
Shares of HollyFrontier Corp (NYSE HFC) opened at $51.22 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. The company has a market capitalization of $9,130.00, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. HollyFrontier Corp has a 1 year low of $23.46 and a 1 year high of $52.00.
HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. sell-side analysts expect that HollyFrontier Corp will post 2.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is 69.47%.
In other news, Director Michael Jennings sold 4,500 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $44.50, for a total value of $200,250.00. Following the completion of the transaction, the director now owns 49,717 shares of the company’s stock, valued at $2,212,406.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Lee sold 5,149 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the transaction, the director now directly owns 52,240 shares of the company’s stock, valued at approximately $2,464,160.80. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.
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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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