Dimensional Fund Advisors LP raised its position in HollyFrontier Corp. (NYSE:HFC) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,804,644 shares of the company’s stock after buying an additional 225,851 shares during the period. Dimensional Fund Advisors LP owned 1.60% of HollyFrontier Corp. worth $66,671,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in shares of HollyFrontier Corp. by 2.7% in the first quarter. BlackRock Fund Advisors now owns 9,338,206 shares of the company’s stock worth $329,825,000 after buying an additional 249,872 shares during the last quarter. State Street Corp boosted its stake in shares of HollyFrontier Corp. by 0.6% in the first quarter. State Street Corp now owns 7,203,266 shares of the company’s stock worth $254,416,000 after buying an additional 45,472 shares during the last quarter. LSV Asset Management boosted its stake in shares of HollyFrontier Corp. by 12.0% in the second quarter. LSV Asset Management now owns 3,708,653 shares of the company’s stock worth $88,154,000 after buying an additional 397,895 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of HollyFrontier Corp. by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 3,496,507 shares of the company’s stock worth $83,112,000 after buying an additional 159,330 shares during the last quarter. Finally, Kleinwort Benson Investors Dublin Ltd purchased a new stake in shares of HollyFrontier Corp. during the second quarter worth approximately $67,706,000. 83.83% of the stock is owned by institutional investors.
HollyFrontier Corp. (NYSE:HFC) traded up 2.29% on Friday, hitting $24.15. The stock had a trading volume of 1,024,226 shares. The stock’s market cap is $4.25 billion. HollyFrontier Corp. has a one year low of $22.07 and a one year high of $52.30. The stock’s 50 day moving average is $25.58 and its 200 day moving average is $28.25.
HollyFrontier Corp. (NYSE:HFC) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.35 billion. HollyFrontier Corp. had a negative net margin of 2.09% and a positive return on equity of 8.00%. During the same period in the previous year, the business earned $1.88 EPS. The firm’s revenue was down 26.7% on a year-over-year basis. Analysts anticipate that HollyFrontier Corp. will post $0.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, August 23rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.32 annualized dividend and a yield of 5.59%. HollyFrontier Corp.’s dividend payout ratio (DPR) is presently -93.62%.
A number of brokerages have recently commented on HFC. Vetr cut shares of HollyFrontier Corp. from a “strong-buy” rating to a “buy” rating and set a $28.32 price objective on the stock. in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of HollyFrontier Corp. in a research note on Wednesday, June 29th. Zacks Investment Research raised shares of HollyFrontier Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. dropped their price objective on shares of HollyFrontier Corp. from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, June 10th. Finally, Simmons reaffirmed a “neutral” rating and set a $24.00 price objective (down previously from $26.00) on shares of HollyFrontier Corp. in a research note on Wednesday, June 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. HollyFrontier Corp. has an average rating of “Hold” and a consensus price target of $36.09.
HollyFrontier Corp. Company Profile
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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