American International Group Inc. lifted its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 374,251 shares of the oil and gas company’s stock after acquiring an additional 4,127 shares during the quarter. American International Group Inc.’s holdings in HollyFrontier were worth $19,169,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of HollyFrontier by 2.7% during the 4th quarter. BlackRock Inc. now owns 21,620,652 shares of the oil and gas company’s stock worth $1,107,409,000 after acquiring an additional 565,625 shares during the period. Schroder Investment Management Group boosted its stake in shares of HollyFrontier by 2.3% during the 4th quarter. Schroder Investment Management Group now owns 3,978,708 shares of the oil and gas company’s stock worth $203,789,000 after acquiring an additional 88,912 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of HollyFrontier by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,952,567 shares of the oil and gas company’s stock worth $151,230,000 after acquiring an additional 162,312 shares during the period. APG Asset Management N.V. boosted its stake in HollyFrontier by 48.4% in the 4th quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock valued at $88,083,000 after purchasing an additional 673,300 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in HollyFrontier by 3.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,954,797 shares of the oil and gas company’s stock valued at $70,182,000 after purchasing an additional 74,267 shares during the period. Institutional investors own 84.43% of the company’s stock.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded HollyFrontier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barclays restated a “buy” rating and issued a $61.00 price target on shares of HollyFrontier in a research note on Friday, February 16th. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and issued a $58.00 price target on shares of HollyFrontier in a research note on Tuesday, January 30th. Finally, Jefferies Group assumed coverage on HollyFrontier in a research note on Wednesday, January 24th. They issued an “underperform” rating and a $40.00 price target for the company. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $42.67.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.87%. HollyFrontier’s payout ratio is 69.47%.
In other news, SVP James M. Stump sold 30,000 shares of the company’s 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. Following the completion of the sale, the senior vice president now directly owns 41,849 shares in the company, valued at approximately $2,143,087.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Lee sold 5,149 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total value of $242,878.33. Following the sale, the director now owns 52,240 shares of the company’s stock, valued at $2,464,160.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,649 shares of company stock valued at $3,515,728. Corporate insiders own 0.51% of the company’s stock.
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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