Neuburgh Advisers LLC boosted its position in HollyFrontier Corp (NYSE:HFC) by 6.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,682 shares of the oil and gas company’s stock after acquiring an additional 7,612 shares during the period. Neuburgh Advisers LLC’s holdings in HollyFrontier were worth $5,995,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. CSat Investment Advisory L.P. boosted its stake in shares of HollyFrontier by 126.6% during the 4th 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 in the last quarter. Quantamental Technologies LLC bought a new stake in shares of HollyFrontier during the 1st quarter valued at about $40,000. Clarus Wealth Advisors bought a new stake in shares of HollyFrontier during the 1st quarter valued at about $43,000. Pinnacle Financial Partners Inc. bought a new stake in shares of HollyFrontier during the 1st quarter valued at about $49,000. Finally, Captrust Financial Advisors boosted its stake 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 valued at $53,000 after purchasing an additional 648 shares in the last quarter. 86.46% of the stock is currently owned by institutional investors and hedge funds.
NYSE:HFC traded down $0.56 during mid-day trading on Wednesday, hitting $39.96. 36,572 shares of the company’s stock were exchanged, compared to its average volume of 2,211,763. HollyFrontier Corp has a one year low of $37.73 and a one year high of $76.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.99. The firm has a market capitalization of $6.87 billion, a P/E ratio of 6.19, a PEG ratio of 0.85 and a beta of 1.28.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, May 20th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, May 17th. HollyFrontier’s payout ratio is currently 20.50%.
HFC has been the topic of a number of research reports. ValuEngine lowered shares of HollyFrontier from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Morgan Stanley started 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 on the stock. Royal Bank of Canada reissued a “buy” rating and set a $66.00 price objective on shares of HollyFrontier in a research note on Friday, February 22nd. Zacks Investment Research raised shares of HollyFrontier from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Barclays reissued a “buy” rating and set a $83.00 price objective on shares of HollyFrontier in a research note on Thursday, February 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. HollyFrontier has a consensus rating of “Hold” and a consensus target price of $65.15.
In other news, Director Franklin Myers bought 2,900 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average cost of $42.78 per share, with a total value of $124,062.00. Following the completion of the acquisition, the director now owns 22,489 shares of the company’s stock, valued at $962,079.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.
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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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