Aigen Investment Management LP Makes New Investment in HF Sinclair Co. (NYSE:DINO)

Aigen Investment Management LP bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 28,110 shares of the company's stock, valued at approximately $1,253,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DINO. Cetera Advisors LLC purchased a new stake in HF Sinclair in the 1st quarter worth $1,146,000. Bayesian Capital Management LP purchased a new position in HF Sinclair during the 1st quarter valued at about $785,000. Neo Ivy Capital Management bought a new stake in shares of HF Sinclair in the second quarter worth $806,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in HF Sinclair by 22.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company's stock valued at $13,209,000 after acquiring an additional 40,357 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company's stock worth $40,168,000 after buying an additional 660,978 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the topic of several recent analyst reports. Mizuho lowered their price target on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Piper Sandler decreased their price target on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Finally, BMO Capital Markets decreased their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and an average target price of $54.27.

HF Sinclair Trading Down 0.9 %

NYSE:DINO traded down $0.37 on Tuesday, hitting $42.06. 1,655,259 shares of the stock were exchanged, compared to its average volume of 2,035,292. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week 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 company's 50-day moving average price is $44.25 and its 200 day moving average price is $49.10. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 26.19 and a beta of 1.18.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.06 earnings per share. On average, equities research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.76%. HF Sinclair's dividend payout ratio (DPR) is 123.46%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.

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.