DDD Partners LLC Sells 216,704 Shares of HF Sinclair Co. (NYSE:DINO)

DDD Partners LLC cut its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 54.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,762 shares of the company's stock after selling 216,704 shares during the period. DDD Partners LLC owned approximately 0.10% of HF Sinclair worth $6,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock worth $374,909,000 after purchasing an additional 626,755 shares during the period. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock worth $218,163,000 after buying an additional 165,313 shares during the last quarter. AustralianSuper Pty Ltd grew its position in HF Sinclair by 11.7% in the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock worth $74,797,000 after buying an additional 175,925 shares during the last quarter. FMR LLC grew its position in HF Sinclair by 13.8% in the third quarter. FMR LLC now owns 1,167,209 shares of the company's stock worth $52,023,000 after buying an additional 141,472 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in HF Sinclair by 11.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 987,750 shares of the company's stock worth $44,024,000 after buying an additional 101,586 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Performance

NYSE DINO traded down $0.53 during trading on Wednesday, hitting $37.95. The company's stock had a trading volume of 1,364,760 shares, compared to its average volume of 2,595,971. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $36.05 and a 200 day moving average price of $41.40. The firm has a market cap of $7.14 billion, a P/E ratio of 23.43 and a beta of 1.22. HF Sinclair Co. has a 52 week low of $33.47 and a 52 week high of $64.16.

Analyst Ratings Changes

DINO has been the topic of several recent research reports. Mizuho decreased their price target on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Barclays reduced their price target on shares of HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. TD Cowen reduced their price target on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company downgraded shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $51.00.

Insider Activity

In related news, CFO Atanas H. Atanasov bought 7,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.

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.