HollyFrontier Corp (NYSE:HFC) Director Franklin Myers bought 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $49.72 per share, with a total value of $124,300.00. Following the completion of the purchase, the director now owns 24,989 shares in the company, valued at approximately $1,242,453.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Franklin Myers also recently made the following trade(s):
- On Thursday, May 9th, Franklin Myers bought 2,900 shares of HollyFrontier stock. The shares were acquired at an average cost of $42.78 per share, with a total value of $124,062.00.
NYSE:HFC traded up $0.59 during trading hours on Tuesday, reaching $49.39. 2,081,680 shares of the stock were exchanged, compared to its average volume of 2,135,375. HollyFrontier Corp has a twelve month low of $37.73 and a twelve month high of $76.56. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $47.08. The stock has a market capitalization of $8.73 billion, a PE ratio of 7.67, a PEG ratio of 1.08 and a beta of 1.45.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, August 21st. HollyFrontier’s dividend payout ratio (DPR) is currently 20.50%.
A number of analysts recently issued reports on the company. Bank of America raised HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 target price for the company in a research note on Monday, April 29th. Goldman Sachs Group cut HollyFrontier from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $53.00 to $45.00 in a research note on Tuesday, April 16th. ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Morgan Stanley set a $54.00 price target on HollyFrontier and gave the stock a “hold” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. HollyFrontier has a consensus rating of “Hold” and a consensus target price of $62.41.
A number of large investors have recently added to or reduced their stakes in the business. Amica Retiree Medical Trust acquired a new stake in shares of HollyFrontier in the 2nd quarter valued at approximately $31,000. CSat Investment Advisory L.P. boosted its holdings in shares of HollyFrontier by 45.6% in the 1st quarter. CSat Investment Advisory L.P. now owns 769 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 241 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of HollyFrontier in the 2nd quarter valued at approximately $39,000. NuWave Investment Management LLC boosted its holdings in shares of HollyFrontier by 69.7% in the 2nd quarter. NuWave Investment Management LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 348 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of HollyFrontier in the 1st quarter valued at approximately $40,000. 85.87% of the stock is owned by hedge funds and other institutional investors.
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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