JPMorgan Chase & Co. Boosts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

JPMorgan Chase & Co. lifted its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 4.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 849,117 shares of the company's stock after acquiring an additional 33,373 shares during the period. JPMorgan Chase & Co. owned 0.45% of HF Sinclair worth $37,845,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DINO. Pacer Advisors Inc. lifted its holdings in shares of HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock worth $415,249,000 after purchasing an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock valued at $147,873,000 after purchasing an additional 997,629 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of HF Sinclair by 90.2% during the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock valued at $45,315,000 after buying an additional 402,793 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock worth $306,665,000 after buying an additional 399,988 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in HF Sinclair during the second quarter worth $12,001,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. 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 report on Tuesday, December 10th. Wells Fargo & Company lowered shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Barclays cut their target price on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Finally, Piper Sandler decreased their price target on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $51.45.

HF Sinclair Stock Performance

NYSE DINO traded down $0.60 during trading on Monday, hitting $34.61. 2,597,213 shares of the company's stock traded hands, compared to its average volume of 2,049,115. The business has a 50 day moving average of $38.99 and a 200-day moving average of $44.57. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 21.36 and a beta of 1.22. HF Sinclair Co. has a 12-month low of $33.47 and a 12-month high of $64.16. 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 posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $7.11 billion. During the same quarter in the previous year, the firm earned $4.06 EPS. The company's quarterly revenue was down 19.1% compared to the same quarter last year. As a group, equities research analysts anticipate that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.78%. HF Sinclair's dividend payout ratio is currently 123.46%.

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 bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction that occurred 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 purchase, the director now owns 145,293 shares of the company's stock, valued at $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. In the last 90 days, insiders acquired 17,000 shares of company stock worth $628,370. 0.28% of the stock is currently owned by insiders.

HF Sinclair 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.