Affinity Investment Advisors LLC Has $1.75 Million Stake in HollyFrontier Corporation (HFC)

Affinity Investment Advisors LLC decreased its position in HollyFrontier Corporation (NYSE:HFC) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,540 shares of the oil and gas company’s stock after selling 8,140 shares during the period. Affinity Investment Advisors LLC’s holdings in HollyFrontier Corporation were worth $1,746,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of HollyFrontier Corporation by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock valued at $435,236,000 after buying an additional 260,132 shares during the period. State Street Corp boosted its position in shares of HollyFrontier Corporation by 3.9% during the 2nd quarter. State Street Corp now owns 8,194,765 shares of the oil and gas company’s stock worth $225,091,000 after purchasing an additional 311,196 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of HollyFrontier Corporation by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock worth $148,687,000 after purchasing an additional 116,502 shares during the period. Principal Financial Group Inc. boosted its position in shares of HollyFrontier Corporation by 129.6% during the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after purchasing an additional 2,373,560 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of HollyFrontier Corporation by 8.7% during the 2nd quarter. Alliancebernstein L.P. now owns 3,776,442 shares of the oil and gas company’s stock worth $103,739,000 after purchasing an additional 300,657 shares during the period. 82.27% of the stock is owned by institutional investors and hedge funds.

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A number of research firms recently weighed in on HFC. Barclays PLC began coverage on shares of HollyFrontier Corporation in a research report on Thursday. They set an “overweight” rating and a $47.00 price objective for the company. TheStreet raised shares of HollyFrontier Corporation from a “c+” rating to a “b” rating in a research report on Wednesday. ValuEngine raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Goldman Sachs Group, Inc. (The) raised shares of HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $38.00 price target (up previously from $36.00) on shares of HollyFrontier Corporation in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. HollyFrontier Corporation currently has a consensus rating of “Hold” and an average target price of $36.39.

HollyFrontier Corporation (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.23%. The firm’s revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share.

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).

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

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