TCI Wealth Advisors Inc. held its position in HollyFrontier Corporation (NYSE:HFC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,366 shares of the company’s stock at the end of the third quarter. TCI Wealth Advisors Inc.’s holdings in HollyFrontier Corporation were worth $131,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Genesee Valley Trust Co. raised its position in HollyFrontier Corporation by 0.6% in the third quarter. Genesee Valley Trust Co. now owns 21,791 shares of the company’s stock worth $534,000 after buying an additional 129 shares during the period. Chicago Equity Partners LLC raised its position in HollyFrontier Corporation by 0.4% in the second quarter. Chicago Equity Partners LLC now owns 39,260 shares of the company’s stock worth $933,000 after buying an additional 140 shares during the period. Cullen Frost Bankers Inc. raised its position in HollyFrontier Corporation by 1.3% in the third quarter. Cullen Frost Bankers Inc. now owns 14,748 shares of the company’s stock worth $361,000 after buying an additional 186 shares during the period. Stockman Asset Management raised its stake in HollyFrontier Corporation by 1.1% in the third quarter. Stockman Asset Management now owns 18,440 shares of the company’s stock worth $452,000 after buying an additional 200 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in HollyFrontier Corporation by 1.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,429 shares of the company’s stock worth $599,000 after buying an additional 426 shares during the last quarter. 83.58% of the stock is owned by institutional investors.
Shares of HollyFrontier Corporation (NYSE:HFC) opened at 30.59 on Wednesday. The stock’s market capitalization is $5.38 billion. HollyFrontier Corporation has a 52-week low of $22.07 and a 52-week high of $39.17. The company has a 50 day moving average price of $31.86 and a 200-day moving average price of $27.06.
HollyFrontier Corporation (NYSE:HFC) last released its earnings results on Thursday, November 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. HollyFrontier Corporation had a positive return on equity of 3.30% and a negative net margin of 3.40%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm’s revenue was down 20.6% on a year-over-year basis. On average, analysts predict that HollyFrontier Corporation will post $0.59 earnings per share for the current fiscal year.
HFC has been the subject of a number of research analyst reports. Barclays PLC reissued an “overweight” rating and issued a $35.00 target price (up previously from $32.00) on shares of HollyFrontier Corporation in a report on Monday, October 10th. Zacks Investment Research lowered HollyFrontier Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Scotiabank lowered HollyFrontier Corporation from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $29.00 to $24.00 in a report on Friday, October 21st. Vetr raised HollyFrontier Corporation from a “strong sell” rating to a “sell” rating and set a $23.33 target price for the company in a report on Monday, November 14th. Finally, Tudor Pickering raised HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.97.
In other HollyFrontier Corporation news, Director James H. Lee sold 2,730 shares of the stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $31.72, for a total transaction of $86,595.60. Following the sale, the director now directly owns 54,199 shares of the company’s stock, valued at approximately $1,719,192.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Jennings sold 6,529 shares of the stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $32.18, for a total value of $210,103.22. Following the sale, the insider now directly owns 62,727 shares in the company, valued at $2,018,554.86. The disclosure for this sale can be found here. Insiders have sold a total of 29,259 shares of company stock worth $897,699 over the last ninety days. 0.52% of the stock is owned by insiders.
About HollyFrontier Corporation
HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.
Want to see what other hedge funds are holding HFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HollyFrontier Corporation (NYSE:HFC).