IFP Advisors Inc trimmed its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 35.5% in the third quarter, HoldingsChannel.com reports. The fund owned 1,832 shares of the oil and gas company’s stock after selling 1,007 shares during the quarter. IFP Advisors Inc’s holdings in HollyFrontier were worth $128,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HFC. Premia Global Advisors LLC acquired a new stake in shares of HollyFrontier during the 2nd quarter worth about $101,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of HollyFrontier by 375.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 1,500 shares in the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in shares of HollyFrontier during the 2nd quarter worth about $137,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of HollyFrontier during the 2nd quarter worth about $145,000. Finally, First Hawaiian Bank acquired a new stake in shares of HollyFrontier during the 3rd quarter worth about $147,000. 87.65% of the stock is owned by institutional investors.

HFC opened at $64.70 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.09 and a beta of 1.07. HollyFrontier Corp has a 1-year low of $41.68 and a 1-year high of $83.28.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.32. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. As a group, equities research analysts forecast that HollyFrontier Corp will post 5.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, November 20th. HollyFrontier’s payout ratio is presently 56.90%.

A number of brokerages recently issued reports on HFC. US Capital Advisors upgraded shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research report on Monday, October 15th. Jefferies Financial Group upgraded shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price for the company in a research report on Tuesday, October 16th. Royal Bank of Canada reiterated a “buy” rating and set a $70.00 target price on shares of HollyFrontier in a research report on Friday, August 3rd. Mizuho began coverage on shares of HollyFrontier in a research report on Wednesday, August 1st. They set a “neutral” rating and a $75.00 target price for the company. Finally, Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, eight 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 target price of $71.38.

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HollyFrontier Profile

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.

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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