HollyFrontier Corp (NYSE:HFC) Shares Acquired by BlackRock Inc.

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BlackRock Inc. grew its position in HollyFrontier Corp (NYSE:HFC) by 0.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,686,833 shares of the oil and gas company’s stock after acquiring an additional 26,578 shares during the period. BlackRock Inc. owned about 8.92% of HollyFrontier worth $679,708,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Luminus Management LLC raised its position in shares of HollyFrontier by 130.6% in the second quarter. Luminus Management LLC now owns 538,587 shares of the oil and gas company’s stock worth $24,926,000 after acquiring an additional 305,000 shares during the period. UBS Group AG raised its position in shares of HollyFrontier by 14.3% in the second quarter. UBS Group AG now owns 365,932 shares of the oil and gas company’s stock worth $16,936,000 after acquiring an additional 45,642 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of HollyFrontier by 1.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,562 shares of the oil and gas company’s stock worth $953,000 after acquiring an additional 237 shares during the period. Eaton Vance Management raised its position in shares of HollyFrontier by 3.7% in the second quarter. Eaton Vance Management now owns 27,102 shares of the oil and gas company’s stock worth $1,256,000 after acquiring an additional 971 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its stake in shares of HollyFrontier by 57.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 583,950 shares of the oil and gas company’s stock worth $27,025,000 after purchasing an additional 213,119 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

In related news, SVP Thomas G. Creery sold 5,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $57.50, for a total transaction of $287,500.00. Following the completion of the sale, the senior vice president now owns 90,004 shares of the company’s stock, valued at approximately $5,175,230. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

HFC has been the subject of a number of research reports. ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday. Wells Fargo & Co boosted their target price on shares of HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $58.52.

HFC stock opened at $54.14 on Friday. The stock has a market capitalization of $9.02 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.10 and a beta of 1.45. The firm has a 50-day simple moving average of $54.29 and a 200-day simple moving average of $47.84. 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 Corp has a 52 week low of $37.73 and a 52 week high of $65.30.

HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, October 31st. The oil and gas company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.25. HollyFrontier had a net margin of 4.89% and a return on equity of 17.42%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the company earned $1.98 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. On average, analysts expect that HollyFrontier Corp will post 5.02 earnings per share for the current year.

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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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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