Fmr LLC Has $52.02 Million Holdings in HF Sinclair Co. (NYSE:DINO)

FMR LLC grew its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,167,209 shares of the company's stock after buying an additional 141,472 shares during the quarter. FMR LLC owned 0.62% of HF Sinclair worth $52,023,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Pacer Advisors Inc. increased its position in shares of HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock worth $374,909,000 after purchasing an additional 626,755 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock worth $306,665,000 after purchasing an additional 399,988 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock worth $218,163,000 after purchasing an additional 165,313 shares in the last quarter. AQR Capital Management LLC increased its position in shares of HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock worth $147,873,000 after purchasing an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its position in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock worth $74,797,000 after purchasing an additional 175,925 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Down 1.6 %

Shares of NYSE DINO traded down $0.63 during mid-day trading on Friday, hitting $38.91. The company's stock had a trading volume of 1,729,492 shares, compared to its average volume of 1,508,317. The company's fifty day simple moving average is $42.62 and its 200-day simple moving average is $47.19. HF Sinclair Co. has a one year low of $38.25 and a one year high of $64.16. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 24.02 and a beta of 1.20. 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 (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the firm earned $4.06 EPS. HF Sinclair's quarterly revenue was down 19.1% compared to the same quarter last year. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.31 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.14%. The ex-dividend date was Thursday, November 21st. HF Sinclair's payout ratio is 123.46%.

Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction 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 acquisition, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DINO. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, September 20th. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Mizuho decreased their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Finally, Barclays decreased their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.27.

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.