Assenagon Asset Management S.A. Reduces Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Assenagon Asset Management S.A. lowered its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,688 shares of the company's stock after selling 12,429 shares during the period. Assenagon Asset Management S.A. owned 0.05% of HF Sinclair worth $4,532,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DINO. Nordea Investment Management AB boosted its stake in HF Sinclair by 424.5% during the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company's stock valued at $11,037,000 after purchasing an additional 148,208 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter worth $1,146,000. Oppenheimer & Co. Inc. boosted its stake in shares of HF Sinclair by 99.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company's stock worth $2,287,000 after buying an additional 18,886 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of HF Sinclair in the 1st quarter worth $3,891,000. Finally, Bayesian Capital Management LP purchased a new position in shares of HF Sinclair in the 1st quarter worth $785,000. Institutional investors own 88.29% of the company's stock.

Analyst Ratings Changes

DINO has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 2nd. Barclays decreased their target price on HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. Wells Fargo & Company decreased their target price on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, October 9th. Wolfe Research began coverage on HF Sinclair in a report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Finally, Morgan Stanley decreased their target price on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.82.

HF Sinclair Price Performance

NYSE:DINO traded up $0.02 on Wednesday, reaching $40.82. 2,488,002 shares of the company's stock traded hands, compared to its average volume of 2,019,312. HF Sinclair Co. has a 12 month low of $40.48 and a 12 month high of $64.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $45.46 and a 200-day simple moving average of $50.10. The firm has a market cap of $7.79 billion, a PE ratio of 6.53 and a beta of 1.16.

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

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.90%. HF Sinclair's payout ratio is 32.00%.

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.