HollyFrontier Corp (NYSE:HFC) Stake Decreased by Hancock Whitney Corp

Hancock Whitney Corp decreased its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 21.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,504 shares of the oil and gas company’s stock after selling 28,175 shares during the period. Hancock Whitney Corp owned about 0.06% of HollyFrontier worth $5,394,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HFC. CSat Investment Advisory L.P. grew its holdings 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 valued at $27,000 after purchasing an additional 295 shares during the last quarter. We Are One Seven LLC acquired a new position in HollyFrontier during the fourth quarter valued at approximately $37,000. Captrust Financial Advisors grew its holdings in HollyFrontier by 167.0% during 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 during the last quarter. Financial Gravity Companies Inc. acquired a new position in HollyFrontier during the fourth quarter valued at approximately $65,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in HollyFrontier during the fourth quarter valued at approximately $66,000. Hedge funds and other institutional investors own 87.16% of the company’s stock.

In other HollyFrontier news, Director Michael Jennings sold 9,000 shares of HollyFrontier stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $55.27, for a total transaction of $497,430.00. Following the completion of the transaction, the director now directly owns 18,899 shares of the company’s stock, valued at $1,044,547.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

HFC has been the topic of several analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of HollyFrontier in a report on Thursday, December 20th. ValuEngine upgraded HollyFrontier from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Piper Jaffray Companies reiterated a “neutral” rating on shares of HollyFrontier in a report on Thursday, January 10th. Zacks Investment Research cut HollyFrontier from a “hold” rating to a “strong sell” rating in a research report on Monday, February 4th. Finally, Tudor Pickering cut HollyFrontier from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. HollyFrontier presently has an average rating of “Hold” and a consensus price target of $70.38.

HFC stock traded down $1.76 during midday trading on Monday, hitting $48.49. The stock had a trading volume of 2,097,781 shares, compared to its average volume of 2,144,347. The stock has a market cap of $8.47 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16. HollyFrontier Corp has a 52 week low of $46.75 and a 52 week high of $83.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.82 and a quick ratio of 1.66.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.26. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.41 billion. HollyFrontier had a return on equity of 17.85% and a net margin of 6.20%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $0.70 earnings per share. Equities research analysts anticipate that HollyFrontier Corp will post 4.86 EPS for the current year.

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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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