Macquarie Group Ltd. cut its stake in shares of HollyFrontier Corp (NYSE:HFC) by 25.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,933 shares of the oil and gas company’s stock after selling 2,767 shares during the period. Macquarie Group Ltd.’s holdings in HollyFrontier were worth $554,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in HollyFrontier by 51.9% during the third quarter. Janus Henderson Group PLC now owns 2,663,824 shares of the oil and gas company’s stock valued at $186,201,000 after purchasing an additional 909,900 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in HollyFrontier by 6.3% during the third quarter. Bank of New York Mellon Corp now owns 2,552,909 shares of the oil and gas company’s stock valued at $178,448,000 after acquiring an additional 152,230 shares during the period. Northern Trust Corp raised its holdings in HollyFrontier by 4.2% during the second quarter. Northern Trust Corp now owns 2,459,478 shares of the oil and gas company’s stock valued at $168,301,000 after acquiring an additional 98,605 shares during the period. Millennium Management LLC raised its holdings in HollyFrontier by 38.4% during the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock valued at $147,032,000 after acquiring an additional 595,839 shares during the period. Finally, Morgan Stanley raised its holdings in HollyFrontier by 31.8% during the second quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock valued at $134,107,000 after acquiring an additional 473,166 shares during the period. Institutional investors own 84.88% of the company’s stock.
In other news, Director Robert J. Kostelnik sold 1,500 shares of HollyFrontier stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $61.62, for a total value of $92,430.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.57% of the company’s stock.
HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.32. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The firm had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. As a group, analysts predict that HollyFrontier Corp will post 6.03 EPS for the current year.
A number of equities research analysts have commented on HFC shares. Piper Jaffray Companies reissued a “neutral” rating on shares of HollyFrontier in a report on Thursday. JPMorgan Chase & Co. raised their price target on HollyFrontier from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Wednesday, November 14th. ValuEngine cut HollyFrontier from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Jefferies Financial Group reissued a “hold” rating on shares of HollyFrontier in a report on Thursday, December 20th. Finally, Cowen set a $76.00 price target on HollyFrontier and gave the company a “hold” rating in a report on Monday, December 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $74.62.
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HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
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