Geode Capital Management LLC Sells 217,807 Shares of HF Sinclair Co. (NYSE:DINO)

Geode Capital Management LLC trimmed its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,835,386 shares of the company's stock after selling 217,807 shares during the quarter. Geode Capital Management LLC owned 1.51% of HF Sinclair worth $126,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Matrix Trust Co raised its holdings in shares of 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 buying an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the third quarter worth $27,000. Innealta Capital LLC acquired a new stake in shares of HF Sinclair in the second quarter valued at $34,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock valued at $37,000 after buying an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in HF Sinclair during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Insiders Place Their Bets

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.28% of the company's stock.

HF Sinclair Stock Down 3.0 %

Shares of DINO stock traded down $1.06 during trading hours on Wednesday, hitting $34.70. 3,496,446 shares of the company were exchanged, compared to its average volume of 2,013,025. HF Sinclair Co. has a 52 week low of $34.58 and a 52 week high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $41.51 and a two-hundred day moving average of $46.26. The company has a market capitalization of $6.53 billion, a PE ratio of 21.42 and a beta of 1.20.

HF Sinclair (NYSE:DINO - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company's revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.06 EPS. Analysts anticipate that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's payout ratio is 123.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DINO. Scotiabank reduced their target price on shares of 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. Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday. Mizuho cut their target price on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $51.45.

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.