AustralianSuper Pty Ltd Increases Stake in HF Sinclair Co. (NYSE:DINO)

AustralianSuper Pty Ltd increased its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,678,196 shares of the company's stock after buying an additional 175,925 shares during the quarter. AustralianSuper Pty Ltd owned about 0.87% of HF Sinclair worth $74,797,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Matrix Trust Co increased its stake in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after purchasing an additional 317 shares during the period. Innealta Capital LLC purchased a new position in shares of HF Sinclair during the second quarter valued at $34,000. Massmutual Trust Co. FSB ADV increased its stake 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 valued at $37,000 after buying an additional 370 shares during the period. Bessemer Group Inc. increased its stake 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 valued at $71,000 after buying an additional 782 shares during the period. Finally, Abich Financial Wealth Management LLC increased its stake in shares of HF Sinclair by 15,200.0% during 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 period. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $2.21 on Thursday, reaching $38.61. 5,847,012 shares of the stock were exchanged, compared to its average volume of 2,037,471. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 6.27 and a beta of 1.16. The business has a 50 day moving average price of $45.46 and a two-hundred day moving average price of $50.10.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on DINO shares. JPMorgan Chase & Co. cut 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. Wells Fargo & Company cut their price target on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. Scotiabank cut their target price on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Morgan Stanley cut their target price on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Finally, Wolfe Research began coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a "peer perform" rating on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.82.

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.