Gabelli Funds LLC increased its position in shares of HollyFrontier Corp (NYSE:HFC) by 29.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,000 shares of the oil and gas company’s stock after buying an additional 14,000 shares during the period. Gabelli Funds LLC’s holdings in HollyFrontier were worth $3,272,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in HFC. Amundi Pioneer Asset Management Inc. boosted its holdings in HollyFrontier by 29.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 176,725 shares of the oil and gas company’s stock valued at $8,707,000 after purchasing an additional 39,889 shares in the last quarter. Empowered Funds LLC boosted its holdings in HollyFrontier by 10.9% in the second quarter. Empowered Funds LLC now owns 54,749 shares of the oil and gas company’s stock valued at $2,534,000 after purchasing an additional 5,388 shares in the last quarter. Supplemental Annuity Collective Trust of NJ acquired a new position in HollyFrontier in the second quarter valued at approximately $555,000. New Jersey Better Educational Savings Trust acquired a new position in HollyFrontier in the second quarter valued at approximately $370,000. Finally, Exane Derivatives acquired a new position in HollyFrontier in the second quarter valued at approximately $3,711,000. 84.16% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on HFC. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Wells Fargo & Co upped their price target on HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. Finally, ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and an average target price of $58.52.
In other news, SVP Thomas G. Creery sold 5,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $57.50, for a total value of $287,500.00. Following the completion of the sale, the senior vice president now directly owns 90,004 shares of the company’s stock, valued at $5,175,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Shares of HFC stock traded down $0.60 during trading hours on Friday, hitting $54.14. The stock had a trading volume of 1,127,523 shares, compared to its average volume of 2,054,286. The firm has a market capitalization of $9.02 billion, a PE ratio of 8.41, a PEG ratio of 1.10 and a beta of 1.45. HollyFrontier Corp has a twelve month low of $37.73 and a twelve month high of $65.30. The stock’s 50 day moving average is $54.29 and its 200 day moving average is $47.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.11.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.25. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.20 billion. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. The company’s revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share. As a group, equities analysts predict that HollyFrontier Corp will post 5.02 earnings per share for the current year.
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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