Cullen Frost Bankers Inc. reduced its position in shares of HollyFrontier Corp. (NYSE:HFC) by 13.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,562 shares of the company’s stock after selling 2,348 shares during the period. Cullen Frost Bankers Inc.’s holdings in HollyFrontier Corp. were worth $346,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First National Bank of Mount Dora Trust Investment Services increased its position in shares of HollyFrontier Corp. by 0.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 32,830 shares of the company’s stock worth $780,000 after buying an additional 133 shares in the last quarter. Aviva PLC increased its position in shares of HollyFrontier Corp. by 0.5% in the first quarter. Aviva PLC now owns 94,334 shares of the company’s stock worth $3,332,000 after buying an additional 428 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of HollyFrontier Corp. by 2.8% in the second quarter. Capstone Asset Management Co. now owns 18,741 shares of the company’s stock worth $445,000 after buying an additional 510 shares in the last quarter. Shell Asset Management Co. increased its position in shares of HollyFrontier Corp. by 3.9% in the second quarter. Shell Asset Management Co. now owns 22,857 shares of the company’s stock worth $543,000 after buying an additional 863 shares in the last quarter. Finally, Magnetar Financial LLC increased its position in shares of HollyFrontier Corp. by 14.5% in the first quarter. Magnetar Financial LLC now owns 9,904 shares of the company’s stock worth $350,000 after buying an additional 1,252 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.
HollyFrontier Corp. (NYSE:HFC) traded up 3.77% on Friday, reaching $24.50. The company had a trading volume of 3,150,213 shares. HollyFrontier Corp. has a 12-month low of $22.07 and a 12-month high of $52.30. The stock’s market capitalization is $4.31 billion. The stock’s 50 day moving average price is $25.51 and its 200-day moving average price is $28.17.
HollyFrontier Corp. (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.04. HollyFrontier Corp. had a negative net margin of 2.09% and a positive return on equity of 8.00%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm earned $1.88 EPS. The company’s revenue was down 26.7% on a year-over-year basis. Equities analysts expect that HollyFrontier Corp. will post $0.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, August 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Friday, August 19th. HollyFrontier Corp.’s dividend payout ratio (DPR) is -93.62%.
A number of research firms recently weighed in on HFC. Vetr downgraded HollyFrontier Corp. from a “buy” rating to a “hold” rating and set a $27.67 price target on the stock. in a research note on Tuesday, August 9th. Zacks Investment Research downgraded HollyFrontier Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Simmons reaffirmed a “neutral” rating and set a $24.00 price target (down from $26.00) on shares of HollyFrontier Corp. in a research note on Wednesday, June 29th. Wolfe Research lowered HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Finally, Deutsche Bank AG lowered HollyFrontier Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $53.00 to $30.00 in a report on Tuesday, July 12th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.09.
About HollyFrontier Corp.
HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.
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