Rafferty Asset Management LLC Sells 1,651 Shares of HollyFrontier Co. (NYSE:HFC)

Rafferty Asset Management LLC cut its holdings in shares of HollyFrontier Co. (NYSE:HFC) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,547 shares of the oil and gas company’s stock after selling 1,651 shares during the quarter. Rafferty Asset Management LLC’s holdings in HollyFrontier were worth $7,605,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HFC. BlackRock Inc. boosted its position in shares of HollyFrontier by 3.8% during the second quarter. BlackRock Inc. now owns 12,955,006 shares of the oil and gas company’s stock valued at $426,221,000 after buying an additional 472,141 shares during the period. Boston Partners increased its position in shares of HollyFrontier by 4.7% during the third quarter. Boston Partners now owns 11,923,024 shares of the oil and gas company’s stock worth $395,328,000 after purchasing an additional 540,076 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of HollyFrontier by 11.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,741,360 shares of the oil and gas company’s stock worth $221,787,000 after purchasing an additional 698,069 shares in the last quarter. LSV Asset Management increased its position in shares of HollyFrontier by 60.3% during the third quarter. LSV Asset Management now owns 4,088,743 shares of the oil and gas company’s stock worth $135,460,000 after purchasing an additional 1,537,538 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of HollyFrontier by 36.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,775,608 shares of the oil and gas company’s stock worth $58,826,000 after purchasing an additional 470,581 shares in the last quarter. 86.01% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on HFC shares. Cowen boosted their price objective on shares of HollyFrontier from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Tuesday, December 28th. Barclays boosted their price objective on shares of HollyFrontier from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, January 4th. Morgan Stanley dropped their price objective on shares of HollyFrontier from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of HollyFrontier from $31.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, October 6th. Finally, Credit Suisse Group boosted their price objective on shares of HollyFrontier from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.50.

HFC stock opened at $37.67 on Friday. The company’s 50-day simple moving average is $33.10 and its 200-day simple moving average is $32.38. The company has a quick ratio of 1.21, a current ratio of 2.13 and a debt-to-equity ratio of 0.49. HollyFrontier Co. has a 52-week low of $27.17 and a 52-week high of $42.39. The firm has a market cap of $6.12 billion, a P/E ratio of 12.95 and a beta of 1.66.

HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, November 3rd. The oil and gas company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.51. HollyFrontier had a net margin of 3.06% and a return on equity of 2.49%. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the company posted ($0.41) EPS. The company’s revenue for the quarter was up 66.2% on a year-over-year basis. On average, analysts anticipate that HollyFrontier Co. will post 2.27 earnings per share for the current fiscal year.

In related news, Director Franklin Myers purchased 20,000 shares of HollyFrontier stock in a transaction that occurred on Friday, November 12th. The stock was purchased at an average price of $34.56 per share, for a total transaction of $691,200.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

HollyFrontier Profile

HollyFrontier Corp. is an independent petroleum refiner and marketer. It specializes in gasoline, diesel fuel, jet fuel, and modified asphalt. The firm operates through the following segments: Refining; Lubricants and Specialty Products; and Holly Energy Partners, LP (HEP). The Refining segment includes the operations in El Dorado, Tulsa, Navajo, Cheyenne, and Woods Cross Refineries.

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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