OLD Mutual Customised Solutions Proprietary Ltd. Has $602,000 Holdings in HollyFrontier Corp (HFC)

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OLD Mutual Customised Solutions Proprietary Ltd. lessened its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 30.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,800 shares of the oil and gas company’s stock after selling 3,900 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in HollyFrontier were worth $602,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. lifted its holdings in shares of HollyFrontier by 85.5% in the second quarter. Sei Investments Co. now owns 114,436 shares of the oil and gas company’s stock valued at $7,831,000 after buying an additional 52,735 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of HollyFrontier by 375.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 1,500 shares during the period. Scout Investments Inc. acquired a new stake in shares of HollyFrontier in the second quarter valued at $11,461,000. Perella Weinberg Partners Capital Management LP acquired a new stake in shares of HollyFrontier in the second quarter valued at $1,846,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of HollyFrontier by 354.6% in the second quarter. GSA Capital Partners LLP now owns 105,471 shares of the oil and gas company’s stock valued at $7,217,000 after buying an additional 82,271 shares during the period. Institutional investors own 87.84% of the company’s stock.

Several analysts have recently weighed in on HFC shares. Argus upped their price objective on HollyFrontier to $85.00 and gave the company a “buy” rating in a report on Thursday, May 24th. Wells Fargo & Co upped their price objective on HollyFrontier from $63.00 to $69.00 and gave the company a “market perform” rating in a report on Tuesday, May 29th. Credit Suisse Group upped their price objective on HollyFrontier from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, June 4th. ValuEngine lowered HollyFrontier from a “strong-buy” rating to a “buy” rating in a report on Monday, June 11th. Finally, Morgan Stanley upped their price objective on HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a report on Monday, July 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $62.18.

Shares of NYSE HFC opened at $70.39 on Friday. HollyFrontier Corp has a 12 month low of $32.11 and a 12 month high of $83.28. The firm has a market cap of $12.45 billion, a PE ratio of 30.34, a P/E/G ratio of 1.30 and a beta of 1.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 1.21.

HollyFrontier (NYSE:HFC) last announced its earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The company had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. research analysts anticipate that HollyFrontier Corp will post 5.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, August 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, August 22nd. HollyFrontier’s dividend payout ratio is 56.90%.

About HollyFrontier

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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