Assenagon Asset Management S.A. Lowers Stock Position in HF Sinclair Co. (NYSE:DINO)

Assenagon Asset Management S.A. trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 70.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,608 shares of the company’s stock after selling 72,080 shares during the period. Assenagon Asset Management S.A.’s holdings in HF Sinclair were worth $1,038,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Matrix Trust Co lifted its stake in shares of 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 purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in HF Sinclair during the third quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV grew its stake in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares during the period. Millburn Ridgefield Corp acquired a new stake in shares of HF Sinclair in the third quarter worth $50,000. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair in the 3rd quarter valued at $55,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DINO. TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Mizuho lowered their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company downgraded 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 report on Monday, December 9th. UBS Group decreased their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Scotiabank dropped their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Stock Down 2.8 %

Shares of NYSE:DINO opened at $35.81 on Friday. The firm has a market cap of $6.74 billion, a PE ratio of 22.10 and a beta of 1.22. The company has a fifty day simple moving average of $37.53 and a 200 day simple moving average of $43.01. 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 $33.47 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business 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 company’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.06 EPS. On average, equities research analysts anticipate that HF Sinclair Co. will post 1.34 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.59%. HF Sinclair’s payout ratio is 123.46%.

Insider Activity

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. Also, CFO Atanas H. Atanasov bought 7,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,000 shares of company stock worth $628,370. 0.28% of the stock is currently owned by insiders.

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.