As Hollyfrontier Corp (HFC) Shares Declined, Shareholder Hennessy Advisors INC Increased Stake

September 16, 2018 - By Nellie Rakes

Investors sentiment increased to 1.19 in 2018 Q2. Its up 0.27, from 0.92 in 2018Q1. It increased, as 22 investors sold HFC shares while 166 reduced holdings. 111 funds opened positions while 112 raised stakes. 148.93 million shares or 3.73% more from 143.57 million shares in 2018Q1 were reported. Deroy And Devereaux Private Counsel invested in 28,450 shares or 0.2% of the stock. Tiverton Asset Management Limited Company owns 0.01% invested in HollyFrontier Corporation (NYSE:HFC) for 2,819 shares. Louisiana State Employees Retirement Sys has 10,400 shares for 0.03% of their portfolio. Buckhead Capital Limited Liability Co has invested 0.67% in HollyFrontier Corporation (NYSE:HFC). Campbell & Inv Adviser Ltd Liability Corporation invested 0.3% in HollyFrontier Corporation (NYSE:HFC). Dnb Asset Mgmt As invested in 0% or 17,600 shares. Jacobs Levy Equity Management owns 254,840 shares. Caisse De Depot Et Placement Du Quebec accumulated 0% or 24,900 shares. First Tru Advisors Lp accumulated 0.06% or 400,533 shares. Capital Fund Management reported 0.09% stake. Shell Asset Mngmt Comm holds 36,510 shares or 0.05% of its portfolio. Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma reported 27 shares. Advisory Serv Ntwk holds 0.02% or 3,447 shares. 290,335 were reported by Cookson Peirce. Bancshares Of America De holds 0.01% or 504,993 shares.

Since May 4, 2018, it had 0 buys, and 16 sales for $19.16 million activity. 4,890 shares were sold by BECH DOUGLAS Y, worth $356,872 on Friday, May 18. Creery Thomas G sold $1.35 million worth of stock or 20,000 shares. McWatters Denise Clark sold $1.05M worth of stock. $724,100 worth of HollyFrontier Corporation (NYSE:HFC) shares were sold by Jennings Michael. LEE JAMES H had sold 9,000 shares worth $591,930. 47,500 HollyFrontier Corporation (NYSE:HFC) shares with value of $3.13 million were sold by Damiris George John.

Hennessy Advisors Inc increased its stake in Hollyfrontier Corp (HFC) by 6.12% based on its latest 2018Q2 regulatory filing with the SEC. Hennessy Advisors Inc bought 45,600 shares as the company’s stock declined 3.29% while stock markets rallied. The institutional investor held 791,000 shares of the integrated oil company at the end of 2018Q2, valued at $54.13M, up from 745,400 at the end of the previous reported quarter. Hennessy Advisors Inc who had been investing in Hollyfrontier Corp for a number of months, seems to be bullish on the $12.30B market cap company. The stock decreased 2.28% or $1.64 during the last trading session, reaching $70.39. About 2.52M shares traded or 1.74% up from the average. HollyFrontier Corporation (NYSE:HFC) has risen 114.22% since September 16, 2017 and is uptrending. It has outperformed by 98.60% the S&P500.

Hennessy Advisors Inc, which manages about $5.52B and $2.92 billion US Long portfolio, decreased its stake in Cheniere Energy Inc (NYSEMKT:LNG) by 223,000 shares to 755,917 shares, valued at $49.28 million in 2018Q2, according to the filing. It also reduced its holding in Alcoa Corp by 98,000 shares in the quarter, leaving it with 672,800 shares, and cut its stake in Eqt Corp (NYSE:EQT).

HollyFrontier Corporation (NYSE:HFC) Ratings Coverage

Among 13 analysts covering HollyFrontier (NYSE:HFC), 5 have Buy rating, 2 Sell and 6 Hold. Therefore 38% are positive. HollyFrontier had 15 analyst reports since March 19, 2018 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Hold” on Wednesday, May 2. The stock has “Buy” rating by Argus Research on Thursday, May 24. The rating was maintained by Credit Suisse with “Neutral” on Friday, May 4. On Thursday, May 3 the stock rating was maintained by Barclays Capital with “Overweight”. As per Friday, April 13, the company rating was maintained by RBC Capital Markets. As per Friday, May 18, the company rating was upgraded by Tudor Pickering. Wells Fargo maintained it with “Market Perform” rating and $69 target in Tuesday, May 29 report. The firm earned “Buy” rating on Monday, March 19 by Deutsche Bank. Jefferies maintained the shares of HFC in report on Tuesday, April 24 with “Sell” rating. Piper Jaffray maintained the stock with “Hold” rating in Monday, April 23 report.

HollyFrontier Corporation (NYSE:HFC) Institutional Positions Chart

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