Securian Asset Management Inc decreased its position in shares of HollyFrontier Corp (NYSE:HFC) by 8.3% during the third quarter, Holdings Channel reports. The fund owned 16,349 shares of the oil and gas company’s stock after selling 1,489 shares during the quarter. Securian Asset Management Inc’s holdings in HollyFrontier were worth $1,143,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HFC. Premia Global Advisors LLC bought a new position in shares of HollyFrontier in the second quarter worth about $101,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of HollyFrontier by 375.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 1,500 shares during the last quarter. Mainstay Capital Management LLC ADV bought a new position in shares of HollyFrontier in the second quarter worth about $137,000. First Hawaiian Bank bought a new position in shares of HollyFrontier in the third quarter worth about $147,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of HollyFrontier in the second quarter worth about $145,000. Institutional investors and hedge funds own 87.55% of the company’s stock.
A number of research firms have recently commented on HFC. Mizuho began coverage on shares of HollyFrontier in a report on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price target on the stock. US Capital Advisors cut shares of HollyFrontier from an “overweight” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday, July 19th. Royal Bank of Canada restated a “buy” rating and issued a $70.00 price target on shares of HollyFrontier in a report on Friday, August 3rd. Finally, Morgan Stanley upped their price target on shares of HollyFrontier from $75.00 to $82.00 and gave the stock a “hold” rating in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. HollyFrontier currently has a consensus rating of “Hold” and a consensus target price of $65.00.
HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($0.18). HollyFrontier had a return on equity of 12.10% and a net margin of 8.62%. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the company earned $0.66 earnings per share. The firm’s revenue was up 29.3% compared to the same quarter last year. Analysts predict that HollyFrontier Corp will post 5.27 earnings per share for the current fiscal year.
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.
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