BNP Paribas Arbitrage SA lowered its position in shares of HollyFrontier Corp (NYSE:HFC) by 43.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,277 shares of the oil and gas company’s stock after selling 108,433 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.08% of HollyFrontier Corp worth $3,975,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Suntrust Banks Inc. boosted its stake in HollyFrontier Corp by 5.5% in the first quarter. Suntrust Banks Inc. now owns 73,875 shares of the oil and gas company’s stock worth $2,093,000 after buying an additional 3,851 shares during the last quarter. US Bancorp DE boosted its stake in shares of HollyFrontier Corp by 34.6% in the first quarter. US Bancorp DE now owns 58,814 shares of the oil and gas company’s stock valued at $1,667,000 after buying an additional 15,110 shares in the last quarter. Princeton Alpha Management LP purchased a new stake in shares of HollyFrontier Corp during the first quarter valued at $223,000. DekaBank Deutsche Girozentrale boosted its stake in shares of HollyFrontier Corp by 32.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 27,672 shares of the oil and gas company’s stock valued at $795,000 after buying an additional 6,768 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of HollyFrontier Corp by 28.1% in the first quarter. Advisors Asset Management Inc. now owns 565,281 shares of the oil and gas company’s stock valued at $16,020,000 after buying an additional 124,027 shares in the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.
Shares of HollyFrontier Corp (NYSE:HFC) opened at 24.25 on Tuesday. The firm’s market cap is $4.26 billion. HollyFrontier Corp has a 52 week low of $22.07 and a 52 week high of $34.78. The firm has a 50-day moving average of $26.79 and a 200 day moving average of $28.84.
HollyFrontier Corp (NYSE:HFC) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and gas company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.08. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.66 billion. HollyFrontier Corp had a negative net margin of 3.40% and a positive return on equity of 3.30%. The business’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. Equities research analysts predict that HollyFrontier Corp will post $1.36 EPS for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Friday, May 19th. HollyFrontier Corp’s dividend payout ratio is presently -65.02%.
Several analysts have recently commented on the stock. Barclays PLC reissued an “overweight” rating and set a $37.00 price target (down from $39.00) on shares of HollyFrontier Corp in a research note on Friday, April 14th. Scotiabank set a $29.00 price objective on shares of HollyFrontier Corp and gave the company a “hold” rating in a report on Monday, March 27th. Credit Suisse Group AG lowered shares of HollyFrontier Corp from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $33.00 in a report on Thursday, May 4th. Tudor Pickering lowered shares of HollyFrontier Corp from a “hold” rating to a “sell” rating in a report on Monday, February 27th. Finally, Goldman Sachs Group Inc assumed coverage on shares of HollyFrontier Corp in a report on Monday, February 13th. They issued a “sell” rating and a $26.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.37. About HollyFrontier Corp