Ferguson Wellman Capital Management Inc. Reduces Holdings in HF Sinclair Co. (NYSE:DINO)

Ferguson Wellman Capital Management Inc. lowered its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 44.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 346,224 shares of the company's stock after selling 275,766 shares during the period. Ferguson Wellman Capital Management Inc. owned about 0.18% of HF Sinclair worth $15,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co grew its stake in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in HF Sinclair in the third quarter valued at about $27,000. Innealta Capital LLC purchased a new position in HF Sinclair in the second quarter valued at about $34,000. Massmutual Trust Co. FSB ADV grew its stake in 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 purchasing an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in HF Sinclair by 201.0% in the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company's stock valued at $71,000 after purchasing an additional 782 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded up $0.06 on Thursday, reaching $42.48. 1,543,370 shares of the stock were exchanged, compared to its average volume of 2,031,493. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 26.19 and a beta of 1.18. The business has a 50 day moving average price of $44.04 and a two-hundred day moving average price of $48.95.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the company posted $4.06 earnings per share. HF Sinclair's revenue for the quarter was down 19.1% on a year-over-year basis. Analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, November 21st. HF Sinclair's payout ratio is 123.46%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost 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 $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 through the SEC website. Corporate insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 2nd. Barclays dropped their price target on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday. 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 note on Friday, September 20th. Wells Fargo & Company dropped their price target 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, Wolfe Research assumed coverage on HF Sinclair in a research note on Thursday, July 18th. They set a "peer perform" rating on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.27.

About HF Sinclair

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.