SG Americas Securities LLC lifted its stake in HollyFrontier Corp (NYSE:HFC) by 288.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,638 shares of the oil and gas company’s stock after buying an additional 86,626 shares during the period. SG Americas Securities LLC’s holdings in HollyFrontier were worth $6,256,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of HFC. Amundi Pioneer Asset Management Inc. raised its holdings in shares of HollyFrontier by 29.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 176,725 shares of the oil and gas company’s stock worth $8,707,000 after buying an additional 39,889 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of HollyFrontier by 10.9% in the 2nd quarter. Empowered Funds LLC now owns 54,749 shares of the oil and gas company’s stock worth $2,534,000 after buying an additional 5,388 shares in the last quarter. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of HollyFrontier in the 2nd quarter worth approximately $555,000. New Jersey Better Educational Savings Trust acquired a new position in shares of HollyFrontier in the 2nd quarter worth approximately $370,000. Finally, Exane Derivatives acquired a new position in shares of HollyFrontier in the 2nd quarter worth approximately $3,711,000. 84.16% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Thomas G. Creery sold 5,000 shares of HollyFrontier stock in a transaction on Friday, October 25th. The stock was sold at an average price of $57.50, for a total value of $287,500.00. Following the completion of the sale, the senior vice president now directly owns 90,004 shares of the company’s stock, valued at approximately $5,175,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.
HFC stock traded down $0.60 during midday trading on Friday, reaching $54.14. 1,127,523 shares of the company’s stock traded hands, compared to its average volume of 2,054,286. The company has a 50-day simple moving average of $54.29 and a two-hundred day simple moving average of $47.84. HollyFrontier Corp has a 1-year low of $37.73 and a 1-year high of $65.30. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.10 and a beta of 1.45. The company has a quick ratio of 1.11, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.25. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.20 billion. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.98 EPS. Equities research analysts forecast that HollyFrontier Corp will post 5.02 EPS for the current year.
A number of equities analysts have recently issued reports on HFC shares. ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Wells Fargo & Co increased their target price on HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Finally, Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $58.52.
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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