HollyFrontier Corp (HFC) : Bergankdv Wealth Management scooped up 15,203 additional shares in HollyFrontier Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 49,530 shares of HollyFrontier Corp which is valued at $1,343,749.HollyFrontier Corp makes up approximately 0.56% of Bergankdv Wealth Management’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in HFC in the latest quarter, The investment management firm added 56,463 additional shares and now holds a total of 357,164 shares of HollyFrontier Corp which is valued at $9,689,859. HollyFrontier Corp makes up approx 0.05% of Susquehanna International Group Llp’s portfolio.Parametric Portfolio Associates reduced its stake in HFC by selling 162,851 shares or 21.46% in the most recent quarter. The Hedge Fund company now holds 595,973 shares of HFC which is valued at $16,168,747. HollyFrontier Corp makes up approx 0.02% of Parametric Portfolio Associates’s portfolio. Stockman Asset Management added HFC to its portfolio by purchasing 18,240 company shares during the most recent quarter which is valued at $494,851. HollyFrontier Corp makes up approx 0.38% of Stockman Asset Management’s portfolio. Global X Management Co sold out all of its stake in HFC during the most recent quarter. The investment firm sold 2,393 shares of HFC which is valued $64,587.Shell Asset Management Co boosted its stake in HFC in the latest quarter, The investment management firm added 863 additional shares and now holds a total of 22,857 shares of HollyFrontier Corp which is valued at $561,139. HollyFrontier Corp makes up approx 0.01% of Shell Asset Management Co’s portfolio.
HollyFrontier Corp closed down -1.23 points or -4.75% at $24.65 with 38,92,517 shares getting traded on Thursday. Post opening the session at $25.92, the shares hit an intraday low of $24.6 and an intraday high of $25.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, HollyFrontier Corp reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.33. The company had revenue of $2714.60 million for the quarter, compared to analysts expectations of $2701.96 million. The company’s revenue was down -26.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.88 EPS.
Many Wall Street Analysts have commented on HollyFrontier Corp. Shares were Downgraded by Deutsche Bank on Jul 12, 2016 to ” Hold” and Lowered the Price Target to $ 30 from a previous price target of $53 .Shares were Downgraded by Morgan Stanley on Jun 17, 2016 to ” Underweight” and Lowered the Price Target to $ 26 from a previous price target of $41 .HollyFrontier Corp was Upgraded by Scotia Howard Weil to ” Sector Outperform” on May 18, 2016.
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 Companys refinery operations serve the Mid-Continent Southwest and Rocky Mountain regions of the United States. The HEP segment includes of the operations of the Companys 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.