Strs Ohio buys $1,632,544 stake in HollyFrontier Corp (HFC)

HollyFrontier Corp (HFC) : Strs Ohio scooped up 2,684 additional shares in HollyFrontier Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 45,073 shares of HollyFrontier Corp which is valued at $1,632,544.HollyFrontier Corp makes up approximately 0.10% of Strs Ohio’s portfolio.

HollyFrontier Corp opened for trading at $37.2 and hit $37.98 on the upside on Wednesday, eventually ending the session at $37.38, with a gain of 0.70% or 0.26 points. The heightened volatility saw the trading volume jump to 19,78,840 shares. Company has a market cap of $6,598 M.

Other Hedge Funds, Including , Gemmer Asset Management reduced its stake in HFC by selling 88 shares or 28.66% in the most recent quarter. The Hedge Fund company now holds 219 shares of HFC which is valued at $7,466.Simplex Trading boosted its stake in HFC in the latest quarter, The investment management firm added 10,309 additional shares and now holds a total of 11,781 shares of HollyFrontier Corp which is valued at $401,614. HollyFrontier Corp makes up approx 0.06% of Simplex Trading’s portfolio.Central Trust Co reduced its stake in HFC by selling 256 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 6,264 shares of HFC which is valued at $213,540. HollyFrontier Corp makes up approx 0.02% of Central Trust Co’s portfolio.

On the company’s financial health, HollyFrontier Corp reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.28. The company had revenue of $2943.60 million for the quarter, compared to analysts expectations of $2658.54 million. The company’s revenue was down -31.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on HollyFrontier Corp. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 41 from a previous price target of $49 .HollyFrontier Corp was Downgraded by Goldman to ” Sell” on Mar 23, 2016. Shares were Reiterated by Barclays on Feb 25, 2016 to “Overweight” and Lowered the Price Target to $ 49 from a previous price target of $58 .

HollyFrontier Corporation is an independent petroleum refiner in the United States. The Company produces refined products such as gasoline diesel fuel jet fuel lubricant products and specialty and modified asphalt. The Company operates through two segments namely Refining and HEP. The Refining segment includes the operations of its El Dorado Tulsa Navajo Cheyenne and Woods Cross Refineries and NK Asphalt Partners (NK Asphalt). The Company’s refinery operations serve the Mid-Continent Southwest and Rocky Mountain regions of the United States. The HEP segment includes of the operations of the Company’s subsidiary Holly Energy Partners L.P. (HEP). HEP is a limited partnership that acquires owns and operates of the refined product pipeline and terminalling assets that support the refining and marketing operations in the Mid-Continent Southwest and Rocky Mountain regions of the United States.

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