Glenmede Trust Co. NA Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Glenmede Trust Co. NA lowered its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 95.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,590 shares of the company's stock after selling 155,273 shares during the quarter. Glenmede Trust Co. NA's holdings in HF Sinclair were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Cetera Investment Advisers increased its stake in shares of HF Sinclair by 42.6% in the first quarter. Cetera Investment Advisers now owns 31,049 shares of the company's stock worth $1,874,000 after acquiring an additional 9,275 shares during the period. Cetera Advisors LLC acquired a new position in shares of HF Sinclair in the 1st quarter valued at about $1,146,000. CWM LLC boosted its stake in shares of HF Sinclair by 200.2% in the second quarter. CWM LLC now owns 10,191 shares of the company's stock worth $544,000 after buying an additional 6,796 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in HF Sinclair during the second quarter worth about $3,880,000. Finally, Twelve Points Wealth Management LLC raised its position in HF Sinclair by 6.3% during the second quarter. Twelve Points Wealth Management LLC now owns 14,515 shares of the company's stock valued at $774,000 after acquiring an additional 856 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on DINO. BMO Capital Markets lowered their price objective on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Piper Sandler dropped their price target on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, September 20th. Morgan Stanley decreased their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Mizuho dropped their target price on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Finally, Barclays reduced their price target on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.27.

HF Sinclair Price Performance

NYSE DINO traded down $0.63 during mid-day trading on Friday, hitting $38.91. The stock had a trading volume of 1,729,283 shares, compared to its average volume of 2,002,860. The firm's 50 day moving average is $42.75 and its 200 day moving average is $47.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 24.02 and a beta of 1.20. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16.

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. 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 during the quarter, compared to analysts' expectations of $7.11 billion. During the same period in the prior year, the business earned $4.06 earnings per share. The company's quarterly revenue was down 19.1% compared to the same quarter last year. Equities research analysts forecast that HF Sinclair Co. will post 2.35 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

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