SNS Financial Group LLC Invests $220,000 in HollyFrontier Corp (HFC) Stock

SNS Financial Group LLC bought a new position in shares of HollyFrontier Corp (NYSE:HFC) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,300 shares of the oil and gas company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voya Investment Management LLC raised its position in HollyFrontier by 1.7% in the 2nd quarter. Voya Investment Management LLC now owns 49,682 shares of the oil and gas company’s stock valued at $1,365,000 after purchasing an additional 832 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in HollyFrontier by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 262,192 shares of the oil and gas company’s stock valued at $7,203,000 after purchasing an additional 5,038 shares in the last quarter. California State Teachers Retirement System raised its position in HollyFrontier by 10.7% in the 2nd quarter. California State Teachers Retirement System now owns 367,677 shares of the oil and gas company’s stock valued at $10,100,000 after purchasing an additional 35,524 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in HollyFrontier by 7.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 78,995 shares of the oil and gas company’s stock valued at $2,170,000 after purchasing an additional 5,261 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in 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 in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on HFC shares. Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, November 20th. Zacks Investment Research lowered HollyFrontier from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Howard Weil lowered HollyFrontier from a “focus list” rating to an “outperform” rating in a research report on Friday, December 22nd. ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Bank of America lowered HollyFrontier from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. HollyFrontier has a consensus rating of “Hold” and a consensus target price of $42.67.

Shares of HollyFrontier Corp (HFC) opened at $46.40 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. HollyFrontier Corp has a 12-month low of $23.46 and a 12-month high of $53.21. The firm has a market capitalization of $8,225.47, a PE ratio of 29.93, a PEG ratio of 1.29 and a beta of 1.12.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, February 27th. HollyFrontier’s dividend payout ratio (DPR) is presently 69.47%.

In other news, Director James H. Lee sold 5,149 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total transaction of $242,878.33. Following the sale, the director now owns 52,240 shares of the company’s stock, valued at approximately $2,464,160.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Jennings sold 4,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 49,717 shares in the company, valued at approximately $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 three months. Corporate insiders own 0.51% of the company’s stock.

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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).

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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