Wedge Capital Management L L P NC Sells 5,090 Shares of HollyFrontier Corp (HFC)

Wedge Capital Management L L P NC lowered its stake in shares of HollyFrontier Corp (NYSE:HFC) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,999 shares of the oil and gas company’s stock after selling 5,090 shares during the period. Wedge Capital Management L L P NC’s holdings in HollyFrontier were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Garrison Financial Corp bought a new position in HollyFrontier during the fourth quarter valued at $203,000. Toronto Dominion Bank increased its position in HollyFrontier by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 235 shares during the last quarter. Lourd Capital LLC bought a new position in HollyFrontier during the fourth quarter valued at $207,000. IFG Advisory LLC bought a new position in HollyFrontier during the fourth quarter valued at $757,000. Finally, FNY Managed Accounts LLC purchased a new stake in shares of HollyFrontier during the third quarter valued at $163,000. Institutional investors own 84.51% of the company’s stock.

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

A number of brokerages have 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 for the company in a research note on Tuesday. ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 price objective on shares of HollyFrontier in a research note on Tuesday, January 30th. Jefferies Group initiated coverage on shares of HollyFrontier in a research note on Wednesday, January 24th. They issued an “underperform” rating and a $40.00 price objective for the company. Finally, Macquarie raised shares of HollyFrontier from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 16th. Three equities 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 assigned a strong buy rating to the company’s stock. HollyFrontier has an average rating of “Hold” and a consensus target price of $42.93.

Shares of HollyFrontier Corp (NYSE:HFC) traded down $0.46 during trading hours on Thursday, hitting $46.32. The stock had a trading volume of 1,108,959 shares, compared to its average volume of 2,432,446. HollyFrontier Corp has a 52-week low of $23.46 and a 52-week high of $53.21. The stock has a market cap of $8,023.38, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.26 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41.

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HollyFrontier Company Profile

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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