Trust Co Sells 8,193 Shares of HollyFrontier Corp (HFC)
Trust Co cut its stake in shares of HollyFrontier Corp (NYSE:HFC) by 52.5% in the 3rd quarter, Holdings Channel reports. The firm owned 7,427 shares of the oil and gas company’s stock after selling 8,193 shares during the quarter. Trust Co’s holdings in HollyFrontier were worth $267,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of HFC. Toronto Dominion Bank boosted 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 purchasing an additional 235 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in HollyFrontier during the third quarter valued at approximately $163,000. GLG Partners LP acquired a new position in HollyFrontier during the second quarter valued at approximately $202,000. Sheaff Brock Investment Advisors LLC boosted 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 purchasing an additional 100 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in HollyFrontier during the third quarter valued at approximately $216,000. 83.21% of the stock is owned by hedge funds and other institutional investors.
HFC has been the subject of several recent research reports. TheStreet raised HollyFrontier from a “c+” rating to a “b” rating in a research report on Wednesday, November 1st. Scotiabank reissued a “buy” rating and set a $39.00 price target on shares of HollyFrontier in a research report on Wednesday, November 1st. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, October 17th. Royal Bank of Canada reissued a “buy” rating and set a $42.00 price target on shares of HollyFrontier in a research report on Wednesday, October 18th. Finally, Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. HollyFrontier has an average rating of “Hold” and an average target price of $42.71.
HollyFrontier Corp (NYSE:HFC) traded up $0.02 during trading hours on Thursday, reaching $51.28. The company’s stock had a trading volume of 1,311,500 shares, compared to its average volume of 2,104,043. The company has a market capitalization of $9,160.00, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. HollyFrontier Corp has a 12-month low of $23.46 and a 12-month high of $52.07.
HollyFrontier (NYSE:HFC) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion for 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 firm’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. equities research analysts forecast that HollyFrontier Corp will post 2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st were paid a dividend of $0.33 per share. The ex-dividend date was Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.57%. HollyFrontier’s dividend payout ratio (DPR) is currently 69.47%.
In other news, Director Michael Jennings sold 4,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the transaction, the director now owns 49,717 shares in the company, valued at $2,212,406.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James M. Stump sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,649 shares of company stock worth $3,515,728. 0.51% of the stock is owned by corporate insiders.
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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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