First National Bank of Mount Dora Trust Investment Services lessened its stake in shares of HollyFrontier Corp (NYSE:HFC) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,549 shares of the oil and gas company’s stock after selling 2,600 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in HollyFrontier were worth $1,616,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in HollyFrontier by 6.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 235 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in HollyFrontier during the 3rd quarter valued at about $163,000. ZWJ Investment Counsel Inc. purchased a new stake in HollyFrontier during the 3rd quarter valued at about $216,000. Moloney Securities Asset Management LLC purchased a new stake in HollyFrontier during the 3rd quarter valued at about $220,000. Finally, Klingenstein Fields & Co. LLC purchased a new stake in HollyFrontier during the 3rd quarter valued at about $252,000. Hedge funds and other institutional investors own 83.21% of the company’s stock.
In other news, Director Michael Jennings sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total value of $200,250.00. Following the sale, the director now directly owns 49,717 shares in the company, valued at approximately $2,212,406.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The disclosure for this sale can be found here. Insiders sold a total of 69,649 shares of company stock worth $3,515,728 over the last 90 days. Company insiders own 0.51% of the company’s stock.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the business earned $0.42 EPS. The company’s revenue was up 30.6% on a year-over-year basis. equities analysts predict that HollyFrontier Corp will post 2.38 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of HollyFrontier in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 price target for the company. Barclays reaffirmed a “buy” rating and set a $65.00 price objective on shares of HollyFrontier in a research report on Wednesday, January 10th. ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of HollyFrontier from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Howard Weil cut shares of HollyFrontier from a “focus list” rating to an “outperform” rating in a research report on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. HollyFrontier presently has an average rating of “Hold” and an average price target of $42.71.
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HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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