Cambridge Investment Research Advisors Inc. Lowers Position in HollyFrontier Co. (NYSE:HFC)

Cambridge Investment Research Advisors Inc. lowered its holdings in HollyFrontier Co. (NYSE:HFC) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,594 shares of the oil and gas company’s stock after selling 315 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in HollyFrontier were worth $665,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HFC. Principal Financial Group Inc. raised its holdings in shares of HollyFrontier by 238.8% in the 4th quarter. Principal Financial Group Inc. now owns 7,420,702 shares of the oil and gas company’s stock valued at $191,825,000 after acquiring an additional 5,230,433 shares in the last quarter. Norges Bank purchased a new stake in shares of HollyFrontier in the 4th quarter valued at about $46,952,000. Alliancebernstein L.P. raised its holdings in shares of HollyFrontier by 48.5% in the 4th quarter. Alliancebernstein L.P. now owns 5,064,787 shares of the oil and gas company’s stock valued at $130,925,000 after acquiring an additional 1,655,190 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of HollyFrontier by 119.9% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,343,327 shares of the oil and gas company’s stock valued at $60,575,000 after acquiring an additional 1,277,802 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of HollyFrontier by 98.7% in the 4th quarter. Schroder Investment Management Group now owns 2,196,522 shares of the oil and gas company’s stock valued at $56,780,000 after acquiring an additional 1,090,969 shares in the last quarter. 86.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HollyFrontier stock opened at $34.80 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $34.99. The stock has a market cap of $5.65 billion, a PE ratio of -37.42 and a beta of 1.80. HollyFrontier Co. has a one year low of $16.81 and a one year high of $42.39.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, May 5th. The oil and gas company reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.45) by ($0.08). The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $2.78 billion. HollyFrontier had a negative return on equity of 5.34% and a negative net margin of 1.32%. HollyFrontier’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, sell-side analysts forecast that HollyFrontier Co. will post 0.79 earnings per share for the current year.

In other HollyFrontier news, insider Bruce A. Lerner acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 11th. The shares were purchased at an average cost of $34.74 per share, for a total transaction of $104,220.00. Following the transaction, the insider now owns 30,661 shares in the company, valued at $1,065,163.14. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Jennings acquired 7,500 shares of the business’s stock in a transaction dated Friday, May 7th. The stock was acquired at an average price of $34.98 per share, for a total transaction of $262,350.00. Following the completion of the transaction, the chief executive officer now owns 179,835 shares in the company, valued at approximately $6,290,628.30. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on HFC shares. Zacks Investment Research raised HollyFrontier from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a report on Friday, March 5th. The Goldman Sachs Group reissued a “sell” rating and set a $34.00 price objective (down from $36.00) on shares of HollyFrontier in a report on Wednesday, May 26th. Wells Fargo & Company raised their price objective on HollyFrontier from $22.00 to $31.00 and gave the company an “underweight” rating in a report on Thursday, February 25th. Tudor Pickering cut HollyFrontier from a “buy” rating to a “hold” rating in a report on Friday, May 28th. Finally, Barclays raised their price objective on HollyFrontier from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, March 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.33.

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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