State Street Corp Trims Stake in HF Sinclair Co. (NYSE:DINO)

State Street Corp trimmed its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,630,819 shares of the company's stock after selling 411,007 shares during the period. State Street Corp owned about 4.06% of HF Sinclair worth $340,106,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Matrix Trust Co boosted its holdings in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after buying an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the 3rd quarter valued at $27,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its holdings in HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after purchasing an additional 370 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in HF Sinclair during the third quarter valued at $50,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

NYSE:DINO traded down $0.60 during trading hours on Tuesday, reaching $38.70. The stock had a trading volume of 1,828,836 shares, compared to its average volume of 2,000,120. The stock has a market capitalization of $7.28 billion, a PE ratio of 24.32 and a beta of 1.20. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16. The company has a 50 day moving average price of $42.51 and a two-hundred day moving average price of $47.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last released 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 net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the firm earned $4.06 earnings per share. HF Sinclair's revenue was down 19.1% on a year-over-year basis. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.31 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.17%. HF Sinclair's dividend payout ratio is currently 123.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DINO. JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday. UBS Group decreased their target price 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. Wells Fargo & Company cut shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $53.00 to $45.00 in a research note on Monday. Scotiabank decreased their price objective 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. Finally, Barclays cut their price target on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, HF Sinclair currently has a consensus rating of "Hold" and an average price target of $53.45.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.

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.