Toronto Dominion Bank raised its holdings in HollyFrontier Corp (NYSE:HFC) by 15.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 105,377 shares of the oil and gas company’s stock after acquiring an additional 14,284 shares during the period. Toronto Dominion Bank’s holdings in HollyFrontier were worth $5,191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HFC. Oregon Public Employees Retirement Fund raised its holdings in HollyFrontier by 3,730.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,828,019 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 3,728,093 shares during the last quarter. Norges Bank acquired a new position in HollyFrontier in the 4th quarter valued at $97,790,000. LSV Asset Management raised its holdings in HollyFrontier by 304.5% in the 4th quarter. LSV Asset Management now owns 1,181,037 shares of the oil and gas company’s stock valued at $60,374,000 after acquiring an additional 889,049 shares during the last quarter. FMR LLC raised its holdings in HollyFrontier by 66.2% in the 4th quarter. FMR LLC now owns 2,114,787 shares of the oil and gas company’s stock valued at $108,108,000 after acquiring an additional 842,025 shares during the last quarter. Finally, Hexavest Inc. acquired a new position in HollyFrontier in the 1st quarter valued at $31,543,000. Institutional investors own 86.39% of the company’s stock.

Shares of NYSE HFC traded down $0.88 during trading on Wednesday, hitting $43.25. 31,878 shares of the company traded hands, compared to its average volume of 2,221,190. HollyFrontier Corp has a 1 year low of $42.19 and a 1 year high of $83.28. The stock has a market capitalization of $7.56 billion, a PE ratio of 6.80, a P/E/G ratio of 0.92 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

HollyFrontier (NYSE:HFC) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.18. HollyFrontier had a net margin of 6.19% and a return on equity of 16.86%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the company earned $0.77 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts expect that HollyFrontier Corp will post 4.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.32 annualized dividend and a dividend yield of 3.05%. HollyFrontier’s dividend payout ratio is presently 20.50%.

In related news, Director Michael Jennings sold 9,000 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $55.27, for a total transaction of $497,430.00. Following the completion of the sale, the director now directly owns 18,899 shares of the company’s stock, valued at approximately $1,044,547.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers purchased 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average cost of $42.78 per share, with a total value of $124,062.00. Following the completion of the transaction, the director now owns 22,489 shares in the company, valued at approximately $962,079.42. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Several research analysts have weighed in on the company. ValuEngine downgraded HollyFrontier from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 30th. Morgan Stanley set a $54.00 price objective on shares of HollyFrontier and gave the company a “hold” rating in a research note on Friday, May 17th. Credit Suisse Group lowered their price objective on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Goldman Sachs Group cut shares of HollyFrontier from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $53.00 to $45.00 in a research note on Tuesday, April 16th. Finally, Bank of America raised shares of HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 price objective for the company in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. HollyFrontier presently has an average rating of “Hold” and a consensus price target of $66.98.

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HollyFrontier Company 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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