HollyFrontier Corporation (NYSE:HFC) is expected to pay $0.33 on Dec 16, 2016. The indicated annual dividend is $1.32. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on HollyFrontier Corporation’s current price of $29.00, the dividend is 1.14%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 10, 2016. The stock increased 6.03% or $1.65 during the last trading session, hitting $29. HollyFrontier Corp (NYSE:HFC) has declined 17.82% since April 20, 2016 and is downtrending. It has underperformed by 22.38% the S&P500.
HollyFrontier Corporation is an independent petroleum refiner. The company has a market cap of $5.02 billion. The Firm produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It currently has negative earnings. The Firm operates through two divisions: Refining and Holly Energy Partners, L.P. (HEP).
Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.04, from 1.04 in 2016Q1. The ratio improved, as 62 funds sold all HollyFrontier Corp shares owned while 120 reduced positions. 49 funds bought stakes while 141 increased positions. They now own 142.84 million shares or 4.51% less from 149.58 million shares in 2016Q1.
Lpl Lc last reported 21,039 shares in the company. Cetera Advsrs Limited Liability reported 17,660 shares or 0.03% of all its holdings. Lingohr And Partner Asset Management Gmbh holds 0.25% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 10,600 shares. Ameriprise owns 1.27M shares or 0.02% of their US portfolio. Bridgewater Assoc Ltd Partnership holds 92,036 shares or 0.03% of its portfolio. Utd Comml Bank Va owns 46,278 shares or 1.09% of their US portfolio. Schroder Management Gp holds 0.04% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 733,300 shares. Carroll Financial Assocs holds 0% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 328 shares. Proshare Advisors Limited Liability Company reported 31,184 shares or 0.01% of all its holdings. The France-based Credit Agricole S A has invested 0.01% in HollyFrontier Corp (NYSE:HFC). Moreover, Capstone Asset Company has 0.01% invested in HollyFrontier Corp (NYSE:HFC) for 18,741 shares. State Bank Of New York Mellon last reported 3.50M shares in the company. Moreover, Royal London Asset Management Limited has 0.03% invested in HollyFrontier Corp (NYSE:HFC) for 65,459 shares. Guggenheim Capital Llc owns 215,461 shares or 0.02% of their US portfolio. First Mercantile Co has 0% invested in the company for 115 shares.
Insider Transactions: Since November 4, 2016, the stock had 0 insider purchases, and 1 insider sale for $1.41 million net activity. On Friday, November 4 Jennings Michael sold $1.41M worth of the stock or 60,000 shares.
HollyFrontier Corp (NYSE:HFC) Ratings Coverage
Out of 16 analysts covering HollyFrontier (NYSE:HFC), 7 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 44% are positive. HollyFrontier has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, September 4 by RBC Capital Markets. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, March 23. The firm has “Sector Outperform” rating given on Thursday, August 6 by Howard Weil. The stock of HollyFrontier Corp (NYSE:HFC) has “Outperform” rating given on Wednesday, May 18 by Howard Weil. The rating was maintained by Oppenheimer on Saturday, September 5 with “Outperform”. Morgan Stanley downgraded the shares of HFC in a report on Friday, June 17 to “Underweight” rating. The stock has “Neutral” rating given by Bank of America on Monday, August 24. The stock of HollyFrontier Corp (NYSE:HFC) earned “Outperform” rating by Oppenheimer on Thursday, August 6. RBC Capital Markets maintained it with “Outperform” rating and $37 target price in Tuesday, November 1 report. The rating was maintained by Credit Suisse with “Neutral” on Monday, April 11.
More news for HollyFrontier Corp (NYSE:HFC) were recently published by: Businesswire.com, which released: “HollyFrontier Corporation Announces Pricing of Offering of $750 Million of 5 …” on November 17, 2016. Moodys.com‘s article titled: “Moody’s affirms HollyFrontier’s Baa3 rating following Petro-Canada Lubricant’s …” and published on October 31, 2016 is yet another important article.
HFC Company Profile
HollyFrontier Corporation (HollyFrontier), incorporated on January 25, 1947, is an independent petroleum refiner. The Firm produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Firm operates through two divisions: Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the activities of the Company’s El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries and HollyFrontier Asphalt Company (HFC Asphalt). The HEP segment involves all of the activities of HEP.
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