Intech Investment Management LLC Lowers Stake in HF Sinclair Co. (NYSE:DINO)

Intech Investment Management LLC lessened its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 53.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,990 shares of the company's stock after selling 22,242 shares during the quarter. Intech Investment Management LLC's holdings in HF Sinclair were worth $846,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DINO. Price T Rowe Associates Inc. MD increased its position in shares of HF Sinclair by 10.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 82,115 shares of the company's stock worth $4,958,000 after acquiring an additional 7,881 shares during the period. B. Riley Wealth Advisors Inc. raised its position in HF Sinclair by 25.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 23,529 shares of the company's stock valued at $1,340,000 after purchasing an additional 4,815 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of HF Sinclair by 6.4% in the 1st quarter. California State Teachers Retirement System now owns 320,134 shares of the company's stock valued at $19,326,000 after buying an additional 19,192 shares during the period. Cetera Investment Advisers increased its stake in shares of HF Sinclair by 42.6% during the first quarter. Cetera Investment Advisers now owns 31,049 shares of the company's stock worth $1,874,000 after buying an additional 9,275 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in HF Sinclair in the first quarter valued at approximately $1,146,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $60.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday, October 2nd. BMO Capital Markets dropped their price objective on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Wells Fargo & Company decreased their target price on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. UBS Group cut their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Finally, Mizuho reduced their target price on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, HF Sinclair currently has an average rating of "Moderate Buy" and an average price target of $54.27.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares of the company's stock, valued at $5,631,556.68. This represents a 3.56 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

DINO traded down $0.01 during midday trading on Friday, reaching $40.97. 940,765 shares of the company's stock were exchanged, compared to its average volume of 2,011,513. HF Sinclair Co. has a 1-year low of $38.25 and a 1-year high of $64.16. The stock has a market capitalization of $7.71 billion, a PE ratio of 25.30 and a beta of 1.18. 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 business's 50-day moving average price is $43.24 and its 200 day moving average price is $47.96.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its 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 firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior year, the company earned $4.06 EPS. HF Sinclair's revenue was down 19.1% on a year-over-year basis. As a group, equities analysts anticipate that HF Sinclair Co. will post 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 4.88%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair's payout ratio is 123.46%.

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.