Nordea Investment Management AB grew its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 123.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,450 shares of the oil and gas company’s stock after acquiring an additional 20,723 shares during the period. Nordea Investment Management AB’s holdings in HollyFrontier were worth $1,914,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. raised its stake in HollyFrontier by 126.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock worth $27,000 after buying an additional 295 shares during the last quarter. We Are One Seven LLC bought a new stake in HollyFrontier in the fourth quarter valued at $37,000. Captrust Financial Advisors increased its stake in HollyFrontier by 167.0% in the fourth quarter. Captrust Financial Advisors now owns 1,036 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 648 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in HollyFrontier in the fourth quarter valued at $64,000. Finally, Financial Gravity Companies Inc. bought a new stake in HollyFrontier in the fourth quarter valued at $65,000. 87.15% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Michael Jennings sold 9,000 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $55.27, for a total transaction of $497,430.00. Following the transaction, the director now directly owns 18,899 shares in the company, valued at $1,044,547.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.
Several equities research analysts have weighed in on the stock. Credit Suisse Group decreased their price target on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. ValuEngine downgraded shares of HollyFrontier from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Goldman Sachs Group downgraded shares of HollyFrontier from a “neutral” rating to a “sell” rating and decreased their price target for the company from $53.00 to $45.00 in a research note on Tuesday. Zacks Investment Research upgraded shares of HollyFrontier from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of HollyFrontier in a report on Thursday, December 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $68.57.
HollyFrontier stock traded up $0.32 during midday trading on Wednesday, hitting $48.32. 134,984 shares of the stock were exchanged, compared to its average volume of 1,961,928. HollyFrontier Corp has a 52-week low of $46.75 and a 52-week high of $83.28. The stock has a market cap of $8.20 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 0.98 and a beta of 1.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 2.82.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.26. HollyFrontier had a net margin of 6.20% and a return on equity of 17.85%. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts predict that HollyFrontier Corp will post 4.81 EPS for the current fiscal year.
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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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