By otakuyassine3@gmail.com 
Public Employees Retirement System of Ohio trimmed its stake in shares of HF Sinclair Co. (NYSE:DINO – Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,677 shares of the company’s stock after selling 36,957 shares during the period. Public Employees Retirement System of Ohio’s holdings in HF Sinclair were worth $3,417,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after acquiring an additional 997,629 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of HF Sinclair by 90.2% in the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock valued at $45,315,000 after acquiring an additional 402,793 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after acquiring an additional 399,988 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of HF Sinclair during the second quarter worth approximately $12,001,000. Institutional investors and hedge funds own 88.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Barclays decreased their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Morgan Stanley lowered their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. UBS Group cut their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, HF Sinclair currently has an average rating of “Hold” and a consensus price target of $53.00.
Get Our Latest Research Report on DINO
Insiders Place Their Bets
In other news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.
HF Sinclair Trading Down 4.9 %
DINO opened at $35.60 on Tuesday. HF Sinclair Co. has a 52 week low of $35.47 and a 52 week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $41.69 and a 200-day simple moving average of $46.40. The firm has a market cap of $6.70 billion, a P/E ratio of 21.98 and a beta of 1.20.
HF Sinclair (NYSE:DINO – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.06 earnings per share. On average, equities analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current year.
HF Sinclair Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.
HF Sinclair Company Profile
HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.
See Also
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