Meeder Asset Management Inc. Has $1.29 Million Position in HollyFrontier Corp (NYSE:HFC)

Meeder Asset Management Inc. reduced its holdings in HollyFrontier Corp (NYSE:HFC) by 15.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,265 shares of the oil and gas company’s stock after selling 4,624 shares during the quarter. Meeder Asset Management Inc.’s holdings in HollyFrontier were worth $1,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of HollyFrontier by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 235 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of HollyFrontier in the 3rd quarter valued at $163,000. Garrison Financial Corp bought a new position in HollyFrontier during the fourth quarter worth $203,000. Peregrine Asset Advisers Inc. bought a new position in HollyFrontier during the fourth quarter worth $205,000. Finally, Lourd Capital LLC bought a new position in HollyFrontier during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 84.51% of the company’s stock.

Several brokerages recently issued reports on HFC. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research note on Tuesday. ValuEngine upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of HollyFrontier in a report on Tuesday, January 30th. Jefferies Group started coverage on shares of HollyFrontier in a report on Wednesday, January 24th. They issued an “underperform” rating and a $40.00 target price for the company. Finally, Macquarie upgraded shares of HollyFrontier from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. HollyFrontier has an average rating of “Hold” and a consensus target price of $42.93.

In related news, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total value of $200,250.00. Following the transaction, the director now directly owns 49,717 shares of the company’s stock, valued at $2,212,406.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The disclosure for this sale can be found here. Insiders have sold 69,649 shares of company stock worth $3,515,728 over the last three months. Insiders own 0.51% of the company’s stock.

Shares of HollyFrontier Corp (HFC) opened at $46.78 on Thursday. The stock has a market cap of $8,023.38, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 1.26 and a beta of 1.12. HollyFrontier Corp has a 1 year low of $23.46 and a 1 year high of $53.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00.

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About HollyFrontier

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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