HollyFrontier Corp (HFC) Position Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,554 shares of the oil and gas company’s stock after purchasing an additional 1,133 shares during the quarter. IFM Investors Pty Ltd’s holdings in HollyFrontier were worth $668,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Northern Trust Corp lifted its stake in HollyFrontier by 4.2% during the second quarter. Northern Trust Corp now owns 2,459,478 shares of the oil and gas company’s stock worth $168,301,000 after purchasing an additional 98,605 shares during the last quarter. Millennium Management LLC lifted its stake in HollyFrontier by 38.4% during the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock worth $147,032,000 after purchasing an additional 595,839 shares during the last quarter. Morgan Stanley lifted its stake in HollyFrontier by 31.8% during the second 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. Janus Henderson Group PLC lifted its stake in HollyFrontier by 31.1% during the second quarter. Janus Henderson Group PLC now owns 1,753,924 shares of the oil and gas company’s stock worth $120,021,000 after purchasing an additional 415,700 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in HollyFrontier by 76.9% during the second 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. Hedge funds and other institutional investors own 87.55% of the company’s stock.

HollyFrontier stock opened at $63.26 on Wednesday. HollyFrontier Corp has a 12 month low of $36.41 and a 12 month high of $83.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 1.21. The company has a market cap of $10.92 billion, a PE ratio of 27.27, a P/E/G ratio of 1.12 and a beta of 1.16.



HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the company earned $0.66 EPS. HollyFrontier’s revenue for the quarter was up 29.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that HollyFrontier Corp will post 5.27 EPS for the current fiscal year.

Several equities research analysts recently weighed in on HFC shares. Jefferies Financial Group upgraded HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price for the company in a research note on Tuesday, October 16th. US Capital Advisors cut HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. Morgan Stanley boosted their price objective on HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, July 16th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, July 19th. Finally, Mizuho initiated coverage on HollyFrontier in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus target price of $65.00.

About HollyFrontier

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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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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