Citigroup Inc. raised its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,882 shares of the company's stock after buying an additional 40,341 shares during the quarter. Citigroup Inc. owned 0.11% of HF Sinclair worth $8,953,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC grew its position in HF Sinclair by 11.1% in the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company's stock valued at $101,000 after acquiring an additional 226 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company's stock valued at $1,029,000 after acquiring an additional 228 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of HF Sinclair by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company's stock valued at $227,000 after acquiring an additional 267 shares in the last quarter. Matrix Trust Co increased its holdings in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in HF Sinclair by 7.5% in the second quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company's stock valued at $260,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.
Insider Transactions at HF Sinclair
In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on DINO. JPMorgan Chase & Co. dropped their price objective 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. UBS Group dropped their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Piper Sandler reduced their price objective on shares of 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 lowered their target price on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Finally, Scotiabank reduced their price target on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.27.
View Our Latest Report on DINO
HF Sinclair Trading Down 0.1 %
Shares of HF Sinclair stock traded down $0.05 on Friday, hitting $40.93. 940,767 shares of the company's stock traded hands, compared to its average volume of 2,011,513. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 25.29 and a beta of 1.18. The company has a fifty day moving average of $43.14 and a two-hundred day moving average of $47.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a one year low of $38.25 and a one year high of $64.16.
HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating 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%. The business's quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.06 earnings per share. As a group, sell-side analysts expect that HF Sinclair Co. will post 2.35 earnings per share for the current year.
HF Sinclair Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair's dividend payout ratio is currently 123.46%.
HF Sinclair Profile
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Free Report)
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.
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