Livingston Group Asset Management CO operating as Southport Capital Management Has $355,000 Holdings in HollyFrontier Corp (HFC)

Livingston Group Asset Management CO operating as Southport Capital Management cut its holdings in HollyFrontier Corp (NYSE:HFC) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,209 shares of the oil and gas company’s stock after selling 321 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in HollyFrontier were worth $355,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its stake in HollyFrontier by 6.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,487 shares of the oil and gas company’s stock valued at $229,000 after buying an additional 260 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in HollyFrontier by 126.6% in 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 buying an additional 295 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in HollyFrontier by 6.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 5,441 shares of the oil and gas company’s stock valued at $278,000 after buying an additional 314 shares in the last quarter. Hartford Investment Management Co. raised its stake in HollyFrontier by 1.0% in the fourth quarter. Hartford Investment Management Co. now owns 31,368 shares of the oil and gas company’s stock valued at $1,604,000 after buying an additional 319 shares in the last quarter. Finally, Greenleaf Trust raised its stake in HollyFrontier by 5.7% in the fourth quarter. Greenleaf Trust now owns 7,107 shares of the oil and gas company’s stock valued at $363,000 after buying an additional 386 shares in the last quarter. Institutional investors own 87.15% of the company’s stock.

In other HollyFrontier news, Director Michael Jennings sold 9,000 shares of HollyFrontier stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $55.27, for a total value of $497,430.00. Following the sale, the director now owns 18,899 shares of the company’s stock, valued at approximately $1,044,547.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

A number of analysts have weighed in on HFC shares. Royal Bank of Canada restated a “buy” rating and issued a $66.00 price target on shares of HollyFrontier in a research note on Friday, February 22nd. Barclays reiterated a “buy” rating and set a $83.00 target price on shares of HollyFrontier in a research report on Thursday, February 21st. Morgan Stanley assumed coverage on HollyFrontier in a research report on Tuesday, February 12th. They set an “equal weight” rating and a $65.00 target price on the stock. Zacks Investment Research upgraded HollyFrontier from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Tudor Pickering cut HollyFrontier from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $68.57.

Shares of NYSE HFC traded up $0.62 during midday trading on Wednesday, reaching $48.63. 428,883 shares of the company were exchanged, compared to its average volume of 1,961,928. The company has a quick ratio of 1.66, a current ratio of 2.82 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a 1 year low of $46.75 and a 1 year high of $83.28. The firm has a market cap of $8.20 billion, a P/E ratio of 7.55, a P/E/G ratio of 0.98 and a beta of 1.16.

HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.26. HollyFrontier had a return on equity of 17.85% and a net margin of 6.20%. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter last year, the company posted $0.70 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. As a group, analysts anticipate that HollyFrontier Corp will post 4.81 earnings per share 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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