HF Sinclair Co. (NYSE:DINO) Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in HF Sinclair Co. (NYSE:DINO) by 19.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,029 shares of the company’s stock after selling 2,932 shares during the quarter. US Bancorp DE’s holdings in HF Sinclair were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in HF Sinclair by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares during the period. Pacer Advisors Inc. raised its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after acquiring an additional 2,868,273 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after acquiring an additional 399,988 shares in the last quarter. AQR Capital Management LLC raised its stake in HF Sinclair by 54.9% during the 2nd 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 in the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in HF Sinclair by 15.3% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock valued at $80,131,000 after acquiring an additional 199,881 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DINO. Barclays dropped their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group decreased their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Mizuho decreased their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Wolfe Research initiated coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $54.27.

Insider Buying and Selling

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

NYSE DINO opened at $42.43 on Tuesday. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a market capitalization of $7.98 billion, a PE ratio of 25.80 and a beta of 1.18. The stock has a 50-day simple moving average of $44.39 and a 200 day simple moving average of $49.21.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during 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 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 firm posted $4.06 EPS. Research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.71%. HF Sinclair’s dividend payout ratio (DPR) is presently 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.