BB&T Securities LLC Has $2.40 Million Position in HollyFrontier Corporation (HFC)

BB&T Securities LLC increased its position in HollyFrontier Corporation (NYSE:HFC) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,818 shares of the oil and gas company’s stock after buying an additional 7,646 shares during the quarter. BB&T Securities LLC’s holdings in HollyFrontier were worth $2,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HFC. AT Bancorp purchased a new position in shares of HollyFrontier in the second quarter worth $104,000. Toronto Dominion Bank boosted its holdings in HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 235 shares in the last quarter. Ffcm LLC boosted its holdings in HollyFrontier by 2,500.0% in the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after acquiring an additional 4,450 shares in the last quarter. IFP Advisors Inc boosted its holdings in HollyFrontier by 304.6% in the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 3,674 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in HollyFrontier in the third quarter valued at $163,000. 83.31% of the stock is currently owned by institutional investors.

In other news, Director Michael Jennings sold 4,500 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. Following the sale, the director now owns 49,717 shares in the company, valued at approximately $2,212,406.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.51% of the company’s stock.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Tuesday. Tudor Pickering cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Argus upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Monday, November 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $38.00 price target on shares of HollyFrontier in a report on Friday, November 17th. Finally, Barclays lifted their price target on shares of HollyFrontier from $47.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. HollyFrontier currently has an average rating of “Hold” and a consensus price target of $38.59.

Shares of HollyFrontier Corporation (HFC) traded up $0.06 during mid-day trading on Tuesday, hitting $44.31. 3,207,700 shares of the stock were exchanged, compared to its average volume of 2,803,315. HollyFrontier Corporation has a 1 year low of $23.46 and a 1 year high of $45.33. The company has a market cap of $7,844.33, a PE ratio of 28.55, a PEG ratio of 2.04 and a beta of 1.31. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.

HollyFrontier (NYSE:HFC) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The company’s quarterly revenue was up 30.6% on a year-over-year basis. equities research analysts expect that HollyFrontier Corporation will post 2.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 69.47%.

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HollyFrontier 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 (NYSE:HFC)

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