Los Angeles Capital Management LLC Has $1.08 Million Stake in HF Sinclair Co. (NYSE:DINO)

Los Angeles Capital Management LLC lessened its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 88.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,251 shares of the company's stock after selling 195,068 shares during the quarter. Los Angeles Capital Management LLC's holdings in HF Sinclair were worth $1,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Matrix Trust Co increased its holdings in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after acquiring an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair in the third quarter valued at about $27,000. Innealta Capital LLC acquired a new stake in HF Sinclair during the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV lifted its holdings in HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after purchasing an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of HF Sinclair by 201.0% during the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company's stock worth $71,000 after buying an additional 782 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on DINO shares. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Mizuho dropped 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. Barclays reduced their target price on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a report on Monday. Wolfe Research began coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Finally, Piper Sandler decreased their target price on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.27.

HF Sinclair Price Performance

HF Sinclair stock traded down $0.31 during mid-day trading on Friday, reaching $42.18. The company had a trading volume of 1,390,367 shares, compared to its average volume of 2,025,756. The business has a fifty day simple moving average of $43.98 and a 200 day simple moving average of $48.90. The company has a market cap of $7.94 billion, a P/E ratio of 26.13 and a beta of 1.18. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week 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.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating 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 company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter last year, the business posted $4.06 EPS. HF Sinclair's revenue for the quarter was down 19.1% on a year-over-year basis. On average, equities research analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Thursday, November 21st. HF Sinclair's dividend payout ratio (DPR) is currently 123.46%.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction 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. This trade represents a 3.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by insiders.

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.