UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in HF Sinclair Co. (NYSE:DINO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 21.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 861,710 shares of the company's stock after buying an additional 153,148 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.46% of HF Sinclair worth $38,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC bought a new position in shares of HF Sinclair during the 1st quarter valued at $1,146,000. Neo Ivy Capital Management purchased a new position in shares of HF Sinclair in the second quarter worth about $806,000. Aigen Investment Management LP bought a new stake in shares of HF Sinclair in the 3rd quarter valued at about $1,253,000. Wealth Enhancement Advisory Services LLC boosted its holdings in HF Sinclair by 399.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company's stock valued at $3,108,000 after acquiring an additional 46,586 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in HF Sinclair during the 2nd quarter worth approximately $723,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Down 2.4 %

DINO stock traded down $0.97 during trading on Wednesday, hitting $39.51. 1,239,574 shares of the stock traded hands, compared to its average volume of 2,002,501. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 24.98 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 Co. has a 1 year low of $38.25 and a 1 year high of $64.16. The firm's 50 day moving average is $42.97 and its two-hundred day moving average is $47.49.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results 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 return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to analysts' expectations of $7.11 billion. During the same quarter in the previous year, the business earned $4.06 earnings per share. The company's revenue was down 19.1% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.35 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared 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 5.06%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair's payout ratio is presently 123.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DINO. Morgan Stanley dropped their price objective on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. BMO Capital Markets decreased their price objective on shares of 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 target price on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, September 20th. Wells Fargo & Company cut their target price on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have assigned 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 target price of $54.27.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now directly 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company's stock.

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.