Empowered Funds LLC trimmed its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 51.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,104 shares of the company's stock after selling 131,471 shares during the quarter. Empowered Funds LLC owned approximately 0.07% of HF Sinclair worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. grew its stake in shares of HF Sinclair by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 44,465 shares of the company's stock worth $1,982,000 after purchasing an additional 2,124 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of HF Sinclair in the third quarter worth $1,253,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of HF Sinclair by 3.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,560 shares of the company's stock worth $14,466,000 after purchasing an additional 9,899 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of HF Sinclair by 15.4% in the third quarter. Sigma Planning Corp now owns 6,309 shares of the company's stock valued at $281,000 after buying an additional 844 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of HF Sinclair by 54.0% in the third quarter. Covestor Ltd now owns 3,096 shares of the company's stock valued at $138,000 after buying an additional 1,085 shares during the period. 88.29% of the stock is currently owned by institutional investors.
HF Sinclair Stock Performance
NYSE:DINO traded up $0.86 during mid-day trading on Monday, hitting $43.04. 1,545,926 shares of the company's stock traded hands, compared to its average volume of 2,026,464. The firm has a 50 day moving average of $43.91 and a two-hundred day moving average of $48.72. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $38.25 and a 12 month high of $64.16. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 26.04 and a beta of 1.18.
HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the company earned $4.06 EPS. On average, equities analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.
HF Sinclair Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.65%. HF Sinclair's dividend payout ratio (DPR) is presently 123.46%.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Barclays cut their price objective 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. Mizuho cut their price objective on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Piper Sandler reduced their target price on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their target price on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and an average target price of $54.27.
Read Our Latest Stock Analysis on HF Sinclair
Insider Activity at HF Sinclair
In other news, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company's stock.
HF Sinclair Profile
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Free Report)
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.
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