HF Sinclair Co. (NYSE:DINO) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,688 shares of the company's stock after selling 12,429 shares during the quarter. Assenagon Asset Management S.A. owned about 0.05% of HF Sinclair worth $4,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DINO. Matrix Trust Co lifted its stake in 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 purchasing an additional 317 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV increased its position in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after acquiring an additional 370 shares during the period. Bessemer Group Inc. increased its holdings in HF Sinclair by 201.0% in the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company's stock valued at $71,000 after buying an additional 782 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in HF Sinclair by 15,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company's stock valued at $73,000 after buying an additional 1,368 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. Wolfe Research started coverage on HF Sinclair in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. BMO Capital Markets decreased their target price on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Finally, Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $55.82.

HF Sinclair Trading Down 0.1 %

HF Sinclair stock traded down $0.05 during midday trading on Wednesday, reaching $40.75. The stock had a trading volume of 1,123,224 shares, compared to its average volume of 2,012,813. The stock has a market capitalization of $7.78 billion, a PE ratio of 6.58 and a beta of 1.16. HF Sinclair Co. has a twelve month low of $40.48 and a twelve month high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The stock's 50-day simple moving average is $45.59 and its 200 day simple moving average is $50.16.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the previous year, the firm earned $2.60 earnings per share. HF Sinclair's revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that HF Sinclair Co. will post 2.32 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair's dividend payout ratio (DPR) is presently 32.00%.

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.