Oregon Public Employees Retirement Fund Buys 2,787 Shares of HollyFrontier Corporation (NYSE:HFC)

Oregon Public Employees Retirement Fund increased its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 2.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 102,380 shares of the oil and gas company’s stock after buying an additional 2,787 shares during the period. Oregon Public Employees Retirement Fund owned approximately 0.06% of HollyFrontier Corporation worth $2,812,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Utah Retirement Systems boosted its position in HollyFrontier Corporation by 0.3% in the first quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock valued at $838,000 after buying an additional 100 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in HollyFrontier Corporation by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,037 shares of the oil and gas company’s stock valued at $710,000 after buying an additional 143 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in HollyFrontier Corporation by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 236 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in HollyFrontier Corporation by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 30,565 shares of the oil and gas company’s stock valued at $866,000 after buying an additional 267 shares in the last quarter. Finally, World Asset Management Inc boosted its position in HollyFrontier Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 15,640 shares of the oil and gas company’s stock valued at $443,000 after buying an additional 280 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Shares of HollyFrontier Corporation (NYSE:HFC) traded up 0.88% during trading on Friday, reaching $27.66. 1,821,234 shares of the company’s stock were exchanged. The stock has a market cap of $4.85 billion, a PE ratio of 35.10 and a beta of 1.24. HollyFrontier Corporation has a 52-week low of $22.63 and a 52-week high of $34.78. The stock’s 50 day moving average price is $28.19 and its 200-day moving average price is $27.61.

HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. HollyFrontier Corporation’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts forecast that HollyFrontier Corporation will post $1.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.32 dividend on an annualized basis and a yield of 4.77%. HollyFrontier Corporation’s payout ratio is 167.09%.

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A number of equities research analysts recently issued reports on HFC shares. Credit Suisse Group cut shares of HollyFrontier Corporation from an “outperform” rating to a “neutral” rating and upped their price target for the company from $30.00 to $33.00 in a report on Thursday, May 4th. Scotiabank set a $29.00 price objective on shares of HollyFrontier Corporation and gave the company a “hold” rating in a research report on Thursday, May 4th. US Capital Advisors reaffirmed a “hold” rating on shares of HollyFrontier Corporation in a research report on Monday, May 22nd. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of HollyFrontier Corporation in a research report on Thursday, May 25th. Finally, Zacks Investment Research lowered shares of HollyFrontier Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.32.

HollyFrontier Corporation Company Profile

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

Institutional Ownership by Quarter for HollyFrontier Corporation (NYSE:HFC)

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