Viking Fund Management Exits Position in HollyFrontier Corp (HFC)

HollyFrontier Corp (HFC) : Viking Fund Management has sold out all of its stake in HollyFrontier Corp during the most recent quarter, according to the disclosure filed by the company on Oct 13, 2016 with the SEC. The investment management company has sold out 90,000 shares of HollyFrontier Corp which is valued at $2,128,500.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HFC in the latest quarter, The investment management firm added 532 additional shares and now holds a total of 12,884 shares of HollyFrontier Corp which is valued at $304,707. HollyFrontier Corp makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Legal General Group Plc boosted its stake in HFC in the latest quarter, The investment management firm added 41,526 additional shares and now holds a total of 1,039,344 shares of HollyFrontier Corp which is valued at $25,692,584. HollyFrontier Corp makes up approx 0.03% of Legal General Group Plc’s portfolio.Nisa Investment Advisors boosted its stake in HFC in the latest quarter, The investment management firm added 13,900 additional shares and now holds a total of 151,450 shares of HollyFrontier Corp which is valued at $3,743,844. HollyFrontier Corp makes up approx 0.05% of Nisa Investment Advisors’s portfolio.Cutler Group Lp boosted its stake in HFC in the latest quarter, The investment management firm added 6,489 additional shares and now holds a total of 30,873 shares of HollyFrontier Corp which is valued at $780,161. HollyFrontier Corp makes up approx 0.05% of Cutler Group Lp’s portfolio.

HollyFrontier Corp closed down -0.55 points or -2.18% at $24.72 with 29,06,344 shares getting traded on Tuesday. Post opening the session at $25.21, the shares hit an intraday low of $24.571 and an intraday high of $25.315 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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