Pinebridge Investments L.P. lifted its position in shares of HollyFrontier Corp (NYSE:HFC) by 13.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 85,750 shares of the oil and gas company’s stock after purchasing an additional 10,252 shares during the quarter. Pinebridge Investments L.P.’s holdings in HollyFrontier were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in HFC. AQR Capital Management LLC grew its holdings in shares of HollyFrontier by 17.5% during the 1st quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock worth $580,219,000 after purchasing an additional 1,753,888 shares in the last quarter. Prudential Financial Inc. boosted its stake in HollyFrontier by 94.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,154,726 shares of the oil and gas company’s stock valued at $53,441,000 after buying an additional 561,478 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in HollyFrontier by 388.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 440,000 shares of the oil and gas company’s stock valued at $20,363,000 after buying an additional 350,000 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in HollyFrontier by 710.6% in the 1st quarter. State of Wisconsin Investment Board now owns 380,692 shares of the oil and gas company’s stock valued at $18,757,000 after buying an additional 333,728 shares in the last quarter. Finally, LSV Asset Management boosted its stake in HollyFrontier by 21.8% in the 2nd quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock valued at $83,149,000 after buying an additional 321,600 shares in the last quarter. 84.39% of the stock is currently owned by institutional investors.
HollyFrontier stock traded up $0.69 on Friday, reaching $51.38. The company’s stock had a trading volume of 1,666,174 shares, compared to its average volume of 1,993,826. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.08. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.04 and a beta of 1.46. The business’s fifty day moving average price is $47.37 and its 200 day moving average price is $46.83. HollyFrontier Corp has a twelve month low of $37.73 and a twelve month high of $72.30.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.51. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. As a group, equities analysts forecast that HollyFrontier Corp will post 4.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 22nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Wednesday, August 21st. HollyFrontier’s dividend payout ratio is currently 20.50%.
Several analysts recently commented on HFC shares. ValuEngine raised HollyFrontier from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. decreased their price target on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.19.
In other HollyFrontier news, Director Franklin Myers acquired 2,500 shares of HollyFrontier stock in a transaction on Monday, August 5th. The shares were bought at an average price of $49.72 per share, with a total value of $124,300.00. Following the completion of the purchase, the director now owns 24,989 shares in the company, valued at $1,242,453.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.
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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