Lumina Fund Management adds HollyFrontier Corp (HFC) to its portfolio

HollyFrontier Corp (HFC) : Lumina Fund Management added new position in HollyFrontier Corp during the most recent quarter end. The investment management firm now holds 20,000 shares of HollyFrontier Corp which is valued at $538,400 , the company said in a statement filed on Nov 14, 2016 with the SEC.HollyFrontier Corp makes up approximately 0.06% of Lumina Fund Management’s portfolio.

Other Hedge Funds, Including , Barings added HFC to its portfolio by purchasing 23,400 company shares during the most recent quarter which is valued at $629,928. HollyFrontier Corp makes up approx 0.03% of Barings’s portfolio.United Bank Va boosted its stake in HFC in the latest quarter, The investment management firm added 2,958 additional shares and now holds a total of 49,236 shares of HollyFrontier Corp which is valued at $1,283,090. HollyFrontier Corp makes up approx 1.40% of United Bank Va’s portfolio.Argent Trust Co boosted its stake in HFC in the latest quarter, The investment management firm added 3,775 additional shares and now holds a total of 12,365 shares of HollyFrontier Corp which is valued at $324,210. HollyFrontier Corp makes up approx 0.10% of Argent Trust Co’s portfolio.Aperio Group boosted its stake in HFC in the latest quarter, The investment management firm added 13,608 additional shares and now holds a total of 48,248 shares of HollyFrontier Corp which is valued at $1,187,866. HollyFrontier Corp makes up approx 0.01% of Aperio Group’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in HFC in the latest quarter, The investment management firm added 426 additional shares and now holds a total of 24,429 shares of HollyFrontier Corp which is valued at $609,504. HollyFrontier Corp makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

HollyFrontier Corp closed down -0.56 points or -2.01% at $27.35 with 55,19,075 shares getting traded on Monday. Post opening the session at $28.04, the shares hit an intraday low of $26.9 and an intraday high of $28.04 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, HollyFrontier Corp reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.36. The company had revenue of $2847.27 million for the quarter, compared to analysts expectations of $2682.53 million. The company’s revenue was down -20.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.82 EPS.

Investors should note that on Nov 9, 2016, HollyFrontier Corp announced a cash dividend of $0.3300. The company’s management has announced Nov 23, 2016 as the ex-dividend date and fixed the record date on Nov 28, 2016. The payable date has been fixed on Dec 16, 2016.

Many Wall Street Analysts have commented on HollyFrontier Corp. Shares were Downgraded by Scotia Howard Weil on Oct 19, 2016 to ” Sector Perform” and Lowered the Price Target to $ 24 from a previous price target of $29 .

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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