Regentatlantic Capital LLC Reduces Stock Position in HollyFrontier Corp (NYSE:HFC)

Regentatlantic Capital LLC lessened its holdings in HollyFrontier Corp (NYSE:HFC) by 22.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,034 shares of the oil and gas company’s stock after selling 5,912 shares during the quarter. Regentatlantic Capital LLC’s holdings in HollyFrontier were worth $927,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BB&T Corp boosted its stake in HollyFrontier by 1.0% in the first quarter. BB&T Corp now owns 23,245 shares of the oil and gas company’s stock valued at $1,146,000 after acquiring an additional 237 shares in the last quarter. CSat Investment Advisory L.P. boosted its stake in HollyFrontier by 45.6% in the first quarter. CSat Investment Advisory L.P. now owns 769 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 241 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in HollyFrontier by 15.2% in the first quarter. Quadrant Capital Group LLC now owns 2,436 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 321 shares in the last quarter. Coastline Trust Co boosted its stake in HollyFrontier by 2.9% in the second quarter. Coastline Trust Co now owns 11,745 shares of the oil and gas company’s stock valued at $544,000 after acquiring an additional 335 shares in the last quarter. Finally, Buckhead Capital Management LLC boosted its stake in HollyFrontier by 1.2% in the first quarter. Buckhead Capital Management LLC now owns 29,528 shares of the oil and gas company’s stock valued at $1,455,000 after acquiring an additional 345 shares in the last quarter. 85.92% of the stock is currently owned by hedge funds and other institutional investors.

In other HollyFrontier news, Director Franklin Myers bought 2,900 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average price of $42.78 per share, for a total transaction of $124,062.00. Following the completion of the purchase, the director now owns 22,489 shares of the company’s stock, valued at $962,079.42. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on HFC. Goldman Sachs Group downgraded shares of HollyFrontier from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $53.00 to $45.00 in a research note on Tuesday, April 16th. Bank of America upgraded shares of HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 price objective for the company in a research note on Monday, April 29th. ValuEngine upgraded shares of HollyFrontier from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley set a $54.00 target price on shares of HollyFrontier and gave the stock a “hold” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $62.41.

Shares of HFC traded down $1.06 during mid-day trading on Friday, hitting $51.13. 2,561,052 shares of the company’s stock were exchanged, compared to its average volume of 1,657,571. HollyFrontier Corp has a fifty-two week low of $37.73 and a fifty-two week high of $76.56. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 1.10 and a beta of 1.45. The company has a 50 day simple moving average of $46.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.99.

HollyFrontier (NYSE:HFC) last announced its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.51. HollyFrontier had a net margin of 5.25% and a return on equity of 18.51%. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts expect that HollyFrontier Corp will post 4.64 earnings per share for the current year.

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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