Public Employees Retirement System of Ohio Has $2.17 Million Stake in HollyFrontier Corporation (HFC)

Public Employees Retirement System of Ohio grew its stake in HollyFrontier Corporation (NYSE:HFC) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,995 shares of the oil and gas company’s stock after acquiring an additional 5,261 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in HollyFrontier Corporation were worth $2,170,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of HollyFrontier Corporation by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,760,488 shares of the oil and gas company’s stock valued at $75,829,000 after acquiring an additional 11,604 shares during the period. Comerica Bank increased its holdings in shares of HollyFrontier Corporation by 0.6% in the 2nd quarter. Comerica Bank now owns 153,411 shares of the oil and gas company’s stock valued at $4,230,000 after acquiring an additional 964 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in HollyFrontier Corporation by 2.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 507,510 shares of the oil and gas company’s stock worth $13,941,000 after buying an additional 12,343 shares during the last quarter. Schroder Investment Management Group grew its stake in HollyFrontier Corporation by 5.4% during the 2nd quarter. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company’s stock worth $100,845,000 after buying an additional 184,984 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in HollyFrontier Corporation by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock worth $435,236,000 after buying an additional 260,132 shares during the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.

Several research analysts recently weighed in on the company. TheStreet upgraded HollyFrontier Corporation from a “c+” rating to a “b” rating in a research note on Wednesday. Scotiabank restated a “buy” rating and set a $39.00 target price on shares of HollyFrontier Corporation in a research note on Wednesday. Goldman Sachs Group, Inc. (The) upgraded HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Thursday. Barclays PLC assumed coverage on HollyFrontier Corporation in a research note on Thursday. They set an “overweight” rating and a $47.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on HollyFrontier Corporation from $33.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. HollyFrontier Corporation currently has an average rating of “Hold” and an average target price of $36.39.

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HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.23% and a net margin of 2.55%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the company posted $0.42 earnings per share. The business’s quarterly revenue was up 30.6% compared to the same quarter last year.

HollyFrontier Corporation 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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