Kempen Capital Management N.V. bought a new position in shares of HollyFrontier Corporation (NYSE:HFC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 887,000 shares of the oil and gas company’s stock, valued at approximately $24,366,000. HollyFrontier Corporation accounts for about 2.3% of Kempen Capital Management N.V.’s investment portfolio, making the stock its 8th largest holding. Kempen Capital Management N.V. owned approximately 0.50% of HollyFrontier Corporation at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of HollyFrontier Corporation by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,760,488 shares of the oil and gas company’s stock worth $75,829,000 after purchasing an additional 11,604 shares during the period. Comerica Bank grew its holdings in shares of HollyFrontier Corporation by 0.6% during the second quarter. Comerica Bank now owns 153,411 shares of the oil and gas company’s stock valued at $4,230,000 after buying an additional 964 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of HollyFrontier Corporation by 232.7% during the first quarter. SG Americas Securities LLC now owns 19,716 shares of the oil and gas company’s stock valued at $559,000 after buying an additional 13,790 shares in the last quarter. Edge Asset Management Inc. grew its holdings in shares of HollyFrontier Corporation by 1.6% during the first quarter. Edge Asset Management Inc. now owns 2,418,323 shares of the oil and gas company’s stock valued at $68,536,000 after buying an additional 38,591 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of HollyFrontier Corporation by 383.3% during the first quarter. JPMorgan Chase & Co. now owns 977,618 shares of the oil and gas company’s stock valued at $27,705,000 after buying an additional 775,341 shares in the last quarter. 83.84% of the stock is currently owned by institutional investors.
Shares of HollyFrontier Corporation (HFC) traded up 0.75% on Friday, reaching $32.39. The company’s stock had a trading volume of 4,132,104 shares. The company has a 50 day moving average price of $30.15 and a 200 day moving average price of $27.85. The company has a market cap of $5.68 billion, a P/E ratio of 41.10 and a beta of 1.21. HollyFrontier Corporation has a 52-week low of $22.63 and a 52-week high of $34.78.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, analysts anticipate that HollyFrontier Corporation will post $1.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio is 167.09%.
HFC has been the topic of a number of research analyst reports. BidaskClub upgraded HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research downgraded HollyFrontier Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price target on shares of HollyFrontier Corporation in a report on Thursday, June 15th. Scotiabank set a $29.00 price target on HollyFrontier Corporation and gave the company a “hold” rating in a report on Monday, June 26th. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of HollyFrontier Corporation in a report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. HollyFrontier Corporation currently has an average rating of “Hold” and a consensus target price of $31.72.
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HollyFrontier Corporation Profile
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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