HollyFrontier Corporation (HFC) Shares Bought by S&T Bank PA
S&T Bank PA grew its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,657 shares of the oil and gas company’s stock after acquiring an additional 3,586 shares during the period. S&T Bank PA owned about 0.06% of HollyFrontier Corporation worth $2,986,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of HFC. Wedbush Securities Inc. boosted its holdings in shares of HollyFrontier Corporation by 0.7% in the second quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 71 shares during the period. Utah Retirement Systems grew its stake in HollyFrontier Corporation by 0.3% in the first quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock worth $838,000 after purchasing an additional 100 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in HollyFrontier Corporation by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 100 shares in the last quarter. World Asset Management Inc grew its stake in HollyFrontier Corporation by 1.1% in the second quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 173 shares in the last quarter. Finally, Vantage Financial Partners Ltd. Inc. purchased a new position in HollyFrontier Corporation during the 2nd quarter worth $204,000. 82.47% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on HFC. Scotiabank upgraded HollyFrontier Corporation from an “outperform” rating to a “focus stock” rating and upped their target price for the stock from $33.00 to $39.00 in a report on Saturday. BidaskClub downgraded HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and set a $37.00 price target on shares of HollyFrontier Corporation in a research note on Thursday, June 15th. Zacks Investment Research upgraded HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC lifted their price objective on HollyFrontier Corporation from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. HollyFrontier Corporation has a consensus rating of “Hold” and a consensus price target of $34.05.
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Shares of HollyFrontier Corporation (NYSE HFC) traded up 0.47% during trading on Wednesday, reaching $36.64. 729,320 shares of the company’s stock were exchanged. The company has a market capitalization of $6.43 billion, a P/E ratio of 46.50 and a beta of 1.23. HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $36.77. The stock has a 50-day moving average price of $32.00 and a 200 day moving average price of $28.44.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. Equities analysts expect that HollyFrontier Corporation will post $1.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, August 21st. HollyFrontier Corporation’s payout ratio is currently 167.09%.
HollyFrontier Corporation 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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