Economy

Sumitomo Mitsui Trust Holdings Inc. Increases Position in HollyFrontier Corporation (HFC)

Sumitomo Mitsui Trust Holdings Inc. Increases Position in HollyFrontier Corporation (HFC)

More important recent HollyFrontier Corporation (NYSE:HFC) news were published by: Marketwatch.com which released: "HollyFrontier Corp." on July 01, 2011, also Businesswire.com published article titled: "HollyFrontier Corporation 2017 Analyst Day and Webcast", Seekingalpha.com published: "HollyFrontier: Sell-Off Is Overdone At This Refiner" on June 01, 2017. Sei Investments Co. now owns 7,558 shares of the oil and gas company's stock valued at $208,000 after acquiring an additional 839 shares during the period. HollyFrontier accounts for about 1.2% of Green Square Capital LLC's holdings, making the stock its 18th biggest position. Franklin Res Inc owns 0% invested in HollyFrontier Corporation (NYSE:HFC) for 275,800 shares. Inc. acquired a new position in HollyFrontier during the 2nd quarter worth $204,000. IFP Advisors Inc now owns 4,880 shares of the oil and gas company's stock valued at $134,000 after acquiring an additional 3,674 shares during the period. Russell Investments Group Ltd. lifted its stake in HollyFrontier by 15.6% in the 2nd quarter. The stock spiked 7.96% last month and is up 39.47 this year. Dimensional Fund Advisors LP increased its stake in shares of HollyFrontier by 2.2% in the second quarter. The fund owned 197,917 shares of the oil and gas company's stock after purchasing an additional 135,000 shares during the period.

The opening price for HollyFrontier Corporation (NYSE:HFC) was $44.63 and the volume amounted to 1.93 million shares which compares with the average volume of 2.57 million shares. Finally, Schroder Investment Management Group increased its stake in shares of HollyFrontier by 8.0% in the third quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company's stock valued at $110,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 83.31% of the company's stock.

In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction dated Thursday, November 30th. Following the completion of the sale, the director now directly owns 49,717 shares in the company, valued at approximately $2,212,406.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. However, to be able to properly assess the value of a high-growth stock such as HollyFrontier, we must incorporate its earnings growth in our valuation.

HollyFrontier Corporation (HFC) surprised the stock market in its last reported earnings when it earned $1.07 a piece versus the consensus-estimated $0.89. The firm has a market capitalization of $8,099.61, a PE ratio of 29.48, a PEG ratio of 2.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. If the published price targets set by HollyFrontier Corporation analysts have any power to influence the stock's share price, the highest price target set for HFC is $57.

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HollyFrontier Corporation (NYSE:HFC), at its latest closing price of $46.61, it has a price-to-book ratio of 1.67, compared to an industry average at 2.37. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the business posted $0.42 EPS. The company's quarterly revenue was up 30.6% on a year-over-year basis. Stockholders of record on Tuesday, November 21st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 20th. Narrow down four to firm performance, its weekly performance was 2.92% and monthly performance was 1.21%. HollyFrontier's dividend payout ratio (DPR) is 69.47%.

Let's take a look at how the stock has been performing recently.

In the most updated research from a number of analysts on Wall Street, the company gets 5 Buys and 4 Sell among 17 analysts. Royal Bank of Canada boosted their price objective on shares of HollyFrontier from $42.00 to $49.00 and gave the company an "outperform" rating in a research note on Monday, November 6th.

Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). HollyFrontier now has a consensus rating of "Hold" and a consensus price target of $39.73.


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