HF Sinclair Co. (NYSE:DINO) Stock Position Cut by Amalgamated Bank

Amalgamated Bank decreased its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 19.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 77,307 shares of the company's stock after selling 18,814 shares during the period. Amalgamated Bank's holdings in HF Sinclair were worth $3,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DINO. Cetera Advisors LLC purchased a new stake in shares of HF Sinclair in the first quarter worth about $1,146,000. Oppenheimer & Co. Inc. grew its position in HF Sinclair by 99.4% in the first quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company's stock valued at $2,287,000 after acquiring an additional 18,886 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of HF Sinclair during the first quarter valued at approximately $785,000. Neo Ivy Capital Management purchased a new stake in shares of HF Sinclair during the second quarter valued at approximately $806,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of HF Sinclair by 22.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company's stock worth $13,209,000 after purchasing an additional 40,357 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded up $0.28 during trading hours on Friday, reaching $41.81. The company's stock had a trading volume of 1,533,593 shares, compared to its average volume of 2,025,146. HF Sinclair Co. has a one year low of $38.25 and a one year high of $64.16. The company's 50 day simple moving average is $44.39 and its 200 day simple moving average is $49.26. 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 cap of $7.87 billion, a P/E ratio of 25.81 and a beta of 1.18.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analysts' expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair's revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the company posted $4.06 earnings per share. As a group, analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid 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 4.78%. HF Sinclair's payout ratio is currently 123.46%.

Analysts Set New Price Targets

Several research firms recently issued reports on DINO. Barclays dropped their price target on shares of HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, October 7th. Piper Sandler dropped their target price on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, September 20th. BMO Capital Markets reduced their price target on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Wolfe Research began coverage on HF Sinclair in a research note on Thursday, July 18th. They set a "peer perform" rating for the company. Finally, 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.45.

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were purchased 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 in the company, valued at $5,631,556.68. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is 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.