Hellman Jordan Management Co. Inc. MA lifted its holdings in HollyFrontier Corp (NYSE:HFC) by 50.7% in the 1st quarter, HoldingsChannel reports. The fund owned 20,438 shares of the oil and gas company’s stock after buying an additional 6,875 shares during the period. HollyFrontier comprises approximately 0.7% of Hellman Jordan Management Co. Inc. MA’s holdings, making the stock its 29th largest position. Hellman Jordan Management Co. Inc. MA’s holdings in HollyFrontier were worth $1,007,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of HollyFrontier by 0.4% in the 4th quarter. BlackRock Inc. now owns 16,317,339 shares of the oil and gas company’s stock worth $834,142,000 after acquiring an additional 69,070 shares in the last quarter. AQR Capital Management LLC raised its position in shares of HollyFrontier by 17.5% in the 1st quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock worth $580,219,000 after acquiring an additional 1,753,888 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of HollyFrontier by 3,730.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,828,019 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 3,728,093 shares in the last quarter. APG Asset Management N.V. raised its position in shares of HollyFrontier by 5.9% in the 4th quarter. APG Asset Management N.V. now owns 2,918,377 shares of the oil and gas company’s stock worth $130,506,000 after acquiring an additional 161,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of HollyFrontier by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,855,274 shares of the oil and gas company’s stock worth $145,962,000 after acquiring an additional 302,365 shares in the last quarter. 86.46% of the stock is owned by hedge funds and other institutional investors.
Shares of HFC traded down $0.10 during trading hours on Friday, hitting $40.30. The stock had a trading volume of 1,354,919 shares, compared to its average volume of 1,943,120. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.99. The company has a market cap of $6.88 billion, a PE ratio of 6.26, a P/E/G ratio of 0.85 and a beta of 1.28. HollyFrontier Corp has a 1-year low of $37.73 and a 1-year high of $76.58.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.32 annualized dividend and a dividend yield of 3.28%. HollyFrontier’s dividend payout ratio is presently 20.50%.
Several research analysts have recently weighed in on the company. Barclays reissued a “buy” rating and issued a $83.00 price objective on shares of HollyFrontier in a research report on Thursday, February 21st. Royal Bank of Canada reissued a “buy” rating and issued a $66.00 price objective on shares of HollyFrontier in a research report on Friday, February 22nd. Zacks Investment Research raised HollyFrontier from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Credit Suisse Group lowered their price objective on HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Finally, ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $65.15.
In other news, Director Franklin Myers bought 2,900 shares of HollyFrontier stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $42.78 per share, for a total transaction of $124,062.00. Following the purchase, the director now directly owns 22,489 shares in the company, valued at approximately $962,079.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.
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HollyFrontier Company Profile
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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