HollyFrontier Corp (HFC) Shares Bought by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC increased its stake in shares of HollyFrontier Corp (NYSE:HFC) by 500.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,483 shares of the oil and gas company’s stock after purchasing an additional 48,746 shares during the period. Bowling Portfolio Management LLC’s holdings in HollyFrontier were worth $4,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HFC. Millennium Management LLC raised its position in shares of HollyFrontier by 94.5% during the 1st quarter. Millennium Management LLC now owns 1,552,807 shares of the oil and gas company’s stock worth $75,870,000 after purchasing an additional 754,562 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of HollyFrontier during the 2nd quarter worth about $49,174,000. Renaissance Technologies LLC raised its position in shares of HollyFrontier by 76.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,605,232 shares of the oil and gas company’s stock worth $109,846,000 after purchasing an additional 697,650 shares during the last quarter. Natixis raised its position in shares of HollyFrontier by 2,488.2% during the 2nd quarter. Natixis now owns 506,950 shares of the oil and gas company’s stock worth $34,691,000 after purchasing an additional 487,363 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of HollyFrontier by 31.8% during the 2nd quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock worth $134,107,000 after purchasing an additional 473,166 shares during the last quarter. Hedge funds and other institutional investors own 87.87% of the company’s stock.

NYSE HFC traded up $0.71 during trading hours on Thursday, hitting $67.49. 12,447 shares of the company’s stock traded hands, compared to its average volume of 2,749,299. HollyFrontier Corp has a 52-week low of $35.49 and a 52-week high of $83.28. The stock has a market cap of $12.31 billion, a PE ratio of 28.89, a P/E/G ratio of 1.29 and a beta of 1.16. 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 (NYSE:HFC) last announced its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue was up 29.3% on a year-over-year basis. On average, sell-side analysts forecast that HollyFrontier Corp will post 5.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, August 23rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.96%. HollyFrontier’s dividend payout ratio (DPR) is 56.90%.

HFC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Thursday, July 19th. ValuEngine downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Royal Bank of Canada restated a “buy” rating and set a $70.00 price target on shares of HollyFrontier in a research report on Friday, August 3rd. US Capital Advisors cut shares of HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Morgan Stanley upped their price objective 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.00.

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.

Featured Story: Intrinsic Value

Want to see what other hedge funds are holding HFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HollyFrontier Corp (NYSE:HFC).

Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply