Advisors Asset Management Inc. lowered its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 596,337 shares of the oil and gas company’s stock after selling 127,179 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.34% of HollyFrontier worth $21,450,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in HollyFrontier by 0.4% in the 2nd 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 period. Comerica Bank boosted its position in shares of HollyFrontier by 0.6% during the 2nd quarter. Comerica Bank now owns 153,411 shares of the oil and gas company’s stock valued at $4,230,000 after acquiring an additional 964 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of HollyFrontier by 2.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 507,510 shares of the oil and gas company’s stock valued at $13,941,000 after acquiring an additional 12,343 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of HollyFrontier by 5.4% during the 2nd quarter. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company’s stock valued at $100,845,000 after acquiring an additional 184,984 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of HollyFrontier by 233.7% during the 2nd quarter. Bank of Nova Scotia now owns 717,500 shares of the oil and gas company’s stock valued at $19,710,000 after acquiring an additional 502,500 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.
Shares of HollyFrontier Corporation (NYSE HFC) traded down $0.34 during trading hours on Friday, hitting $44.05. The stock had a trading volume of 2,556,646 shares, compared to its average volume of 2,666,144. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. The stock has a market capitalization of $7,869.15, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21. HollyFrontier Corporation has a 1 year low of $23.46 and a 1 year high of $44.86.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. research analysts expect that HollyFrontier Corporation will post 2.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier’s dividend payout ratio is currently 69.47%.
A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of HollyFrontier in a research note on Friday, September 8th. Zacks Investment Research upgraded HollyFrontier from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, November 20th. Barclays PLC started coverage on HollyFrontier in a research note on Thursday, November 2nd. They set an “overweight” rating and a $47.00 price target on the stock. Finally, Scotiabank upgraded HollyFrontier from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.59.
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).