HF Sinclair Co. (NYSE:DINO) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of HF Sinclair Co. (NYSE:DINO) by 53.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,990 shares of the company’s stock after selling 22,242 shares during the period. Intech Investment Management LLC’s holdings in HF Sinclair were worth $846,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Advisors LLC purchased a new stake in HF Sinclair in the first quarter valued at $1,146,000. Neo Ivy Capital Management purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at about $806,000. Aigen Investment Management LP acquired a new stake in shares of HF Sinclair in the 3rd quarter valued at about $1,253,000. Wealth Enhancement Advisory Services LLC grew its stake in HF Sinclair by 399.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock worth $3,108,000 after buying an additional 46,586 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in HF Sinclair by 6.4% during the first quarter. California State Teachers Retirement System now owns 320,134 shares of the company’s stock worth $19,326,000 after buying an additional 19,192 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DINO shares. BMO Capital Markets cut their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Morgan Stanley lowered their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company reduced their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Finally, UBS Group decreased their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.27.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

HF Sinclair Trading Down 1.9 %

NYSE:DINO opened at $40.98 on Friday. HF Sinclair Co. has a 52 week low of $38.25 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 company has a market cap of $7.71 billion, a PE ratio of 25.30 and a beta of 1.18. The business’s 50 day moving average is $43.24 and its two-hundred day moving average is $47.96.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm 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%. HF Sinclair’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 earnings per share. On average, analysts predict that HF Sinclair Co. will post 2.35 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

HF Sinclair 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.