HollyFrontier Corp (HFC) Shares Sold by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC reduced its holdings in HollyFrontier Corp (NYSE:HFC) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,587 shares of the oil and gas company’s stock after selling 1,562 shares during the quarter. MetLife Investment Advisors LLC’s holdings in HollyFrontier were worth $2,330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in HollyFrontier in the fourth quarter worth approximately $37,000. Captrust Financial Advisors boosted its holdings in shares of HollyFrontier by 167.0% during the 4th quarter. Captrust Financial Advisors now owns 1,036 shares of the oil and gas company’s stock worth $53,000 after buying an additional 648 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of HollyFrontier during the 4th quarter worth $65,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of HollyFrontier during the 4th quarter worth $66,000. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of HollyFrontier during the 3rd quarter worth $116,000. Institutional investors and hedge funds own 87.15% of the company’s stock.

In other news, Director Michael Jennings sold 9,000 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $55.27, for a total value of $497,430.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the stock. Barclays reaffirmed a “buy” rating and set a $83.00 price objective on shares of HollyFrontier in a report on Thursday, February 21st. Royal Bank of Canada reiterated a “buy” rating and set a $66.00 target price on shares of HollyFrontier in a research note on Friday, February 22nd. Zacks Investment Research cut shares of HollyFrontier from a “hold” rating to a “strong sell” rating in a research note on Monday, February 4th. Morgan Stanley began coverage on shares of HollyFrontier in a research note on Tuesday, February 12th. They set an “equal weight” rating and a $65.00 target price for the company. Finally, Tudor Pickering cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $68.57.

NYSE:HFC traded down $1.08 during mid-day trading on Friday, reaching $47.34. 1,805,658 shares of the company were exchanged, compared to its average volume of 2,006,689. HollyFrontier Corp has a 12 month low of $46.75 and a 12 month high of $83.28. The company has a quick ratio of 1.66, a current ratio of 2.82 and a debt-to-equity ratio of 0.37. The firm has a market cap of $8.08 billion, a P/E ratio of 7.35, a P/E/G ratio of 0.99 and a beta of 1.16.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, February 20th. The oil and gas company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.26. HollyFrontier had a net margin of 6.20% and a return on equity of 17.85%. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 8.8% on a year-over-year basis. As a group, equities analysts predict that HollyFrontier Corp will post 4.69 earnings per share for the current fiscal 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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