Systematic Financial Management LP Invests $19.97 Million in HollyFrontier Corporation (HFC)

Vantage Financial Partners Ltd. Inc. acquired a new position in HollyFrontier during the second quarter worth approximately $204,000. Bank of New York Mellon Corp grew its holdings in shares of HollyFrontier by 0.4% in the second quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in HollyFrontier by 741.1% during the 2nd quarter. Finally, Bank of Nova Scotia grew its holdings in HollyFrontier by 233.7% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company's stock worth $110,000 after purchasing an additional 235 shares during the period. World Asset Management Inc boosted its holdings in HollyFrontier by 1.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company's stock valued at $27,582,000 after acquiring an additional 884,754 shares during the last quarter. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.25.

In other news, Director Michael Jennings sold 4,500 shares of the firm's stock in a transaction dated Thursday, November 30th.

The past rating for shares of Hollyfrontier Corp (NYSE:HFC) is now invalid as J.P. Morgan has lowered Hollyfrontier Corp (NYSE:HFC)'s stock rating to a Sell. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company's stock valued at $100,845,000 after purchasing an additional 184,984 shares during the period. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Institutional investors own 83.31% of the company's stock.

HollyFrontier (NYSE:HFC) traded down $0.80 during midday trading on Friday, hitting $45.10. Hsbc Holdg Plc accumulated 0.01% or 173,233 shares. HollyFrontier Corp has a one year low of $22.07 and a one year high of $34.78. The firm has a market cap of $8,100.00, a P/E ratio of 29.61, a P/E/G ratio of 2.06 and a beta of 1.30. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.

HollyFrontier Corp (NYSE:HFC) last released its quarterly earnings results on Wednesday, May 3rd. After $1.14 actual EPS reported by HollyFrontier Corporation for the previous quarter, Wall Street now forecasts -36.84 % negative EPS growth.

Among 19 analysts covering HollyFrontier (NYSE:HFC), 8 have Buy rating, 5 Sell and 6 Hold. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.24 billion. During the same quarter past year, the company earned $0.42 EPS. The business's quarterly revenue was up 52.6% compared to the same quarter a year ago. Shareholders of record on Tuesday, November 21st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.35%. Nasdaq.com's news article titled: "HollyFrontier Corporation (HFC) Ex-Dividend Date Scheduled for November 20, 2017" with publication date: November 17, 2017 was also an interesting one. HollyFrontier's dividend payout ratio is 69.47%.

A number of research firms recently commented on HFC. Piper Jaffray Companies reaffirmed a "neutral" rating on shares of HollyFrontier Corp in a research report on Thursday, May 25th. RBC Capital Markets maintained it with "Buy" rating and $38.0 target in Thursday, October 12 report. Scotia Capital upgraded the shares of HFC in report on Wednesday, August 2 to "Buy" rating. Barclays raised their target price on HollyFrontier from $47.00 to $57.00 and gave the company an overweight rating in a report on Tuesday, November 14th. BidaskClub upgraded HollyFrontier from a hold rating to a buy rating in a report on Saturday, August 5th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. HollyFrontier Corp presently has a consensus rating of "Hold" and an average target price of $32.37.

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HollyFrontier Corporation operates as an independent petroleum refiner in the United States. It primarily produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.

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