By otakuyassine3@gmail.com 
World Investment Advisors LLC bought a new position in shares of HF Sinclair Co. (NYSE:DINO – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,664 shares of the company’s stock, valued at approximately $654,000.
Several other hedge funds have also added to or reduced their stakes in the business. Matrix Trust Co lifted its stake in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in HF Sinclair in the 3rd quarter valued at about $27,000. Innealta Capital LLC acquired a new stake in HF Sinclair during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV boosted its stake in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new position in HF Sinclair in the third quarter valued at about $50,000. Institutional investors and hedge funds own 88.29% of the company’s stock.
Analyst Ratings Changes
DINO has been the topic of several recent analyst reports. Scotiabank dropped their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. UBS Group cut their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. BMO Capital Markets lowered their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Finally, Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.00.
Read Our Latest Stock Analysis on HF Sinclair
Insider Activity
In other HF Sinclair news, CFO Atanas H. Atanasov acquired 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the acquisition, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % 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 Stock Performance
Shares of HF Sinclair stock opened at $35.60 on Tuesday. The business’s fifty day simple moving average is $41.69 and its 200 day simple moving average is $46.40. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $35.47 and a 12 month high of $64.16. The firm has a market capitalization 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 released its earnings results on Thursday, October 31st. The company reported $0.51 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 analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.06 EPS. As a group, analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current year.
HF Sinclair Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.
About HF Sinclair
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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