HighTower Advisors LLC Reduces Holdings in HF Sinclair Co. (NYSE:DINO)

HighTower Advisors LLC lowered its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 57.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,181 shares of the company's stock after selling 23,223 shares during the period. HighTower Advisors LLC's holdings in HF Sinclair were worth $763,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DINO. Fifth Third Bancorp raised its stake in shares of HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company's stock valued at $227,000 after buying an additional 267 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in HF Sinclair during the second quarter valued at about $250,000. New York State Teachers Retirement System boosted its position in HF Sinclair by 0.4% during the second quarter. New York State Teachers Retirement System now owns 199,663 shares of the company's stock worth $10,650,000 after purchasing an additional 773 shares during the period. Keynote Financial Services LLC increased its stake in shares of HF Sinclair by 3.4% in the second quarter. Keynote Financial Services LLC now owns 11,354 shares of the company's stock worth $606,000 after purchasing an additional 370 shares in the last quarter. Finally, Spirit of America Management Corp NY raised its position in shares of HF Sinclair by 12.6% in the second quarter. Spirit of America Management Corp NY now owns 31,176 shares of the company's stock valued at $1,663,000 after purchasing an additional 3,500 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was purchased at an average cost 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 approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

Shares of NYSE DINO traded down $1.03 during trading hours on Thursday, reaching $33.67. 2,827,641 shares of the stock traded hands, compared to its average volume of 2,016,357. HF Sinclair Co. has a 52-week low of $33.52 and a 52-week high of $64.16. 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 company's 50-day simple moving average is $41.31 and its two-hundred day simple moving average is $46.18. The company has a market capitalization of $6.34 billion, a P/E ratio of 20.78 and a beta of 1.20.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm's quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.06 EPS. Equities research analysts forecast that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's dividend payout ratio is presently 123.46%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DINO shares. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Scotiabank decreased their price objective on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday. Piper Sandler decreased their price target on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, September 20th. Finally, Morgan Stanley cut their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and a consensus price target of $51.45.

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.