Hancock Whitney Corp decreased its position in HollyFrontier Corp (NYSE:HFC) by 25.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,963 shares of the oil and gas company’s stock after selling 27,724 shares during the period. Hancock Whitney Corp’s holdings in HollyFrontier were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of HFC. Americana Partners LLC purchased a new position in HollyFrontier in the 4th quarter worth $25,000. Parallel Advisors LLC raised its stake in HollyFrontier by 603.3% in the 1st quarter. Parallel Advisors LLC now owns 1,055 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 905 shares during the last quarter. CWM Advisors LLC purchased a new position in HollyFrontier in the 1st quarter worth $28,000. Smith Asset Management Group LP purchased a new position in HollyFrontier in the 4th quarter worth $31,000. Finally, Assetmark Inc. raised its stake in HollyFrontier by 76.7% in the 4th quarter. Assetmark Inc. now owns 606 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 263 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.
Shares of HFC stock opened at $30.46 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $27.80 and a 200 day moving average price of $39.70. The company has a market cap of $5.02 billion, a P/E ratio of 6.36 and a beta of 1.76. HollyFrontier Corp has a 12 month low of $18.48 and a 12 month high of $58.88.
HollyFrontier (NYSE:HFC) last issued its earnings results on Thursday, May 7th. The oil and gas company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.74 billion. HollyFrontier had a net margin of 1.26% and a return on equity of 12.69%. The company’s revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that HollyFrontier Corp will post 0.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Tuesday, May 26th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.60%. HollyFrontier’s payout ratio is currently 28.57%.
In other news, CFO Richard Lawrence Voliva III bought 10,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $21.54 per share, for a total transaction of $215,400.00. Following the completion of the purchase, the chief financial officer now owns 76,415 shares in the company, valued at approximately $1,645,979.10. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.44% of the company’s stock.
A number of equities analysts have weighed in on the company. TheStreet lowered HollyFrontier from a “b-” rating to a “c+” rating in a research note on Wednesday, March 11th. Wells Fargo & Co reduced their price objective on HollyFrontier from $50.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Credit Suisse Group lifted their price objective on HollyFrontier from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Piper Sandler upgraded HollyFrontier from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $64.00 to $53.00 in a research note on Friday, February 28th. Finally, Royal Bank of Canada reduced their price objective on HollyFrontier from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $39.18.
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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