Jacobs Levy Equity Management Inc. Reduces Stock Position in HF Sinclair Co. (NYSE:DINO)

Jacobs Levy Equity Management Inc. reduced its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,427 shares of the company's stock after selling 88,495 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.23% of HF Sinclair worth $19,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Matrix Trust Co grew its position in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after buying an additional 317 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of HF Sinclair during the third quarter worth about $27,000. Innealta Capital LLC acquired a new position in HF Sinclair in the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock valued at $37,000 after purchasing an additional 370 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in HF Sinclair in the third quarter valued at approximately $55,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $0.19 during trading hours on Thursday, hitting $39.54. 1,542,639 shares of the company were exchanged, compared to its average volume of 2,004,024. HF Sinclair Co. has a 1 year low of $38.25 and a 1 year high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $42.75 and a 200-day moving average of $47.38. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.41 and a beta of 1.20.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion during the quarter, compared to analysts' expectations of $7.11 billion. During the same quarter in the prior year, the business earned $4.06 earnings per share. The company's quarterly revenue was down 19.1% compared to the same quarter last year. As a group, analysts expect that HF Sinclair Co. will post 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's dividend payout ratio is presently 123.46%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research analyst reports. Piper Sandler lowered their price target on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, September 20th. BMO Capital Markets lowered their price target on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target 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, UBS Group reduced their price objective on HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $54.27.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate 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.