Nicollet Investment Management Inc. Purchases New Position in HollyFrontier Corp (HFC)

Nicollet Investment Management Inc. purchased a new stake in HollyFrontier Corp (NYSE:HFC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 12,440 shares of the oil and gas company’s stock, valued at approximately $637,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HFC. Sandy Spring Bank acquired a new stake in HollyFrontier in the fourth quarter valued at $114,000. Garrison Financial Corp acquired a new stake in HollyFrontier in the fourth quarter valued at $203,000. Toronto Dominion Bank increased 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 purchasing an additional 235 shares during the period. Peregrine Asset Advisers Inc. acquired a new stake in HollyFrontier in the fourth quarter valued at $205,000. Finally, Lourd Capital LLC acquired a new stake in HollyFrontier in the fourth quarter valued at $207,000. Institutional investors own 84.81% of the company’s stock.

A number of research firms recently weighed in on HFC. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded HollyFrontier from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Royal Bank of Canada restated a “buy” rating and issued a $58.00 price objective on shares of HollyFrontier in a report on Tuesday, January 30th. Cowen restated a “hold” rating and issued a $30.00 price objective on shares of HollyFrontier in a report on Tuesday, October 17th. Finally, Barclays restated a “buy” rating and issued a $65.00 price objective on shares of HollyFrontier in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.33.

Shares of HollyFrontier Corp (HFC) opened at $45.79 on Thursday. 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 Corp has a 1-year low of $23.46 and a 1-year high of $53.21. The firm has a market capitalization of $8,237.88, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12.

In other HollyFrontier news, SVP James M. Stump sold 30,000 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Lee sold 5,149 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total value of $242,878.33. Following the sale, the director now owns 52,240 shares of the company’s stock, valued at $2,464,160.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,649 shares of company stock valued at $4,062,308. Company insiders own 0.51% of the company’s stock.

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HollyFrontier 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 (NYSE:HFC)

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