LS Investment Advisors LLC Has $726,000 Holdings in HollyFrontier Corp (HFC)

LS Investment Advisors LLC cut its position in HollyFrontier Corp (NYSE:HFC) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,171 shares of the oil and gas company’s stock after selling 3,566 shares during the quarter. LS Investment Advisors LLC’s holdings in HollyFrontier were worth $726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 235 shares during the period. Sandy Spring Bank acquired a new stake in HollyFrontier in the fourth quarter worth $114,000. FNY Managed Accounts LLC acquired a new stake in shares of HollyFrontier during the third quarter worth $163,000. Garrison Financial Corp acquired a new stake in shares of HollyFrontier during the fourth quarter worth $203,000. Finally, Peregrine Asset Advisers Inc. acquired a new stake in shares of HollyFrontier during the fourth quarter worth $205,000. Institutional investors own 84.51% of the company’s stock.

In related news, SVP James M. Stump sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $51.21, for a total value of $1,536,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Lee sold 5,149 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total transaction of $242,878.33. Following the completion of the transaction, the director now directly owns 52,240 shares of the company’s stock, valued at approximately $2,464,160.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,649 shares of company stock valued at $3,515,728. 0.51% of the stock is owned by insiders.

A number of equities research analysts recently commented on HFC shares. Royal Bank of Canada restated a “buy” rating and set a $42.00 price objective on shares of HollyFrontier in a report on Wednesday, October 18th. Macquarie restated an “underperform” rating on shares of HollyFrontier in a report on Monday, October 23rd. Scotiabank restated a “buy” rating and set a $39.00 price objective on shares of HollyFrontier in a report on Wednesday, November 1st. Goldman Sachs Group upgraded shares of HollyFrontier from a “sell” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Thursday, November 2nd. Finally, Barclays started coverage on shares of HollyFrontier in a report on Thursday, November 2nd. They set an “overweight” rating and a $47.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.93.

HollyFrontier Corp (NYSE HFC) opened at $46.78 on Thursday. The firm has a market cap of $8,023.38, a price-to-earnings ratio of 29.20, a P/E/G ratio of 1.26 and a beta of 1.12. HollyFrontier Corp has a 12-month low of $23.46 and a 12-month high of $53.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98.

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HollyFrontier Company 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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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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