Dynamic Technology Lab Private Ltd acquired a new position in shares of HollyFrontier Corp (NYSE:HFC) in the 2nd quarter, Holdings Channel reports. The firm acquired 26,201 shares of the oil and gas company’s stock, valued at approximately $1,793,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Scout Investments Inc. bought a new position in shares of HollyFrontier during the 2nd quarter worth approximately $11,461,000. Perella Weinberg Partners Capital Management LP bought a new position in shares of HollyFrontier during the 2nd quarter worth approximately $1,846,000. Sei Investments Co. raised its stake in shares of HollyFrontier by 85.5% during the 2nd quarter. Sei Investments Co. now owns 114,436 shares of the oil and gas company’s stock worth $7,831,000 after acquiring an additional 52,735 shares in the last quarter. Tobam raised its stake in shares of HollyFrontier by 370.7% during the 2nd quarter. Tobam now owns 168,528 shares of the oil and gas company’s stock worth $11,532,000 after acquiring an additional 132,721 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of HollyFrontier by 24.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 167,345 shares of the oil and gas company’s stock worth $11,451,000 after acquiring an additional 33,377 shares in the last quarter. Hedge funds and other institutional investors own 87.73% of the company’s stock.
Several research firms recently commented on HFC. US Capital Advisors lowered shares of HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada restated a “buy” rating and set a $70.00 price target on shares of HollyFrontier in a research note on Friday, August 3rd. Mizuho began coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price target on the stock. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, July 19th. Finally, Morgan Stanley upped their price target 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. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $62.18.
Shares of HollyFrontier stock opened at $70.81 on Friday. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 1.27 and a beta of 1.11. The company has a current ratio of 2.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a 12-month low of $31.53 and a 12-month high of $83.28.
HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the consensus estimate 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%. The firm’s revenue was up 29.3% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. research analysts forecast that HollyFrontier Corp will post 5.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, August 23rd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, August 22nd. HollyFrontier’s dividend payout ratio (DPR) is currently 56.90%.
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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