24,483 Shares in HF Sinclair Co. (NYSE:DINO) Purchased by FORA Capital LLC

FORA Capital LLC purchased a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,483 shares of the company's stock, valued at approximately $1,091,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock valued at $415,249,000 after buying an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC lifted its stake in HF Sinclair by 54.9% during the second 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 during the last quarter. Janus Henderson Group PLC boosted 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 purchasing an additional 660,978 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in HF Sinclair during the second quarter valued at $33,177,000. Finally, Squarepoint Ops LLC lifted its position in shares of HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock worth $45,315,000 after buying an additional 402,793 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

Analyst Ratings Changes

DINO has been the subject of a number of recent research reports. BMO Capital Markets lowered 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 report on Friday, October 4th. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. Morgan Stanley dropped their target price on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Finally, Scotiabank decreased their target price on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and an average price target of $54.27.

HF Sinclair Stock Down 1.9 %

NYSE DINO traded down $0.81 during trading on Thursday, reaching $40.98. 1,779,296 shares of the company's stock were exchanged, compared to its average volume of 2,016,169. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The company's fifty day simple moving average is $43.37 and its 200-day simple moving average is $48.01. The firm has a market capitalization of $7.71 billion, a PE ratio of 25.30 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 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion for 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 business's quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.06 earnings per share. Sell-side analysts predict that HF Sinclair Co. will post 2.35 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. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.88%. HF Sinclair's dividend payout ratio (DPR) is 123.46%.

HF Sinclair 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.