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

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OLD Mutual Customised Solutions Proprietary Ltd. lowered its position in shares of HollyFrontier Corp (NYSE:HFC) by 30.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,800 shares of the oil and gas company’s stock after selling 3,900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in HollyFrontier were worth $602,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HFC. World Asset Management Inc boosted its stake in HollyFrontier by 5.6% in the second quarter. World Asset Management Inc now owns 14,311 shares of the oil and gas company’s stock valued at $979,000 after acquiring an additional 756 shares in the last quarter. BB&T Corp boosted its stake in HollyFrontier by 3.0% in the second quarter. BB&T Corp now owns 29,612 shares of the oil and gas company’s stock valued at $2,026,000 after acquiring an additional 849 shares in the last quarter. Suntrust Banks Inc. boosted its stake in HollyFrontier by 1.8% in the first quarter. Suntrust Banks Inc. now owns 58,217 shares of the oil and gas company’s stock valued at $2,843,000 after acquiring an additional 1,004 shares in the last quarter. Dorsey Wright & Associates boosted its stake in HollyFrontier by 1.3% in the second quarter. Dorsey Wright & Associates now owns 85,032 shares of the oil and gas company’s stock valued at $5,819,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in HollyFrontier by 13.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,377 shares of the oil and gas company’s stock valued at $778,000 after acquiring an additional 1,381 shares in the last quarter. Hedge funds and other institutional investors own 87.87% of the company’s stock.

Several equities analysts have issued reports on HFC shares. Royal Bank of Canada restated a “buy” rating and issued a $70.00 price objective on shares of HollyFrontier in a research note on Friday, August 3rd. ValuEngine downgraded shares of HollyFrontier from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 11th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, July 19th. Morgan Stanley upped their price objective on shares of HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, July 16th. Finally, US Capital Advisors cut shares of HollyFrontier from an “overweight” rating to a “hold” rating in a report on Friday, September 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus price target of $63.63.

Shares of NYSE:HFC opened at $67.61 on Tuesday. HollyFrontier Corp has a one year low of $35.49 and a one year high of $83.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 1.21. The stock has a market capitalization of $12.31 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16.

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 analysts’ consensus estimates of $1.63 by ($0.18). The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.14 billion. HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. HollyFrontier’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts predict that HollyFrontier Corp will post 5.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Thursday, August 23rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.32 annualized dividend and a yield of 1.95%. HollyFrontier’s dividend payout ratio is currently 56.90%.

HollyFrontier 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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