River Road Asset Management LLC Increases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

River Road Asset Management LLC lifted its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 769,847 shares of the company's stock after acquiring an additional 25,041 shares during the quarter. River Road Asset Management LLC owned approximately 0.40% of HF Sinclair worth $34,312,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co boosted its holdings in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after buying an additional 317 shares during the last quarter. Innealta Capital LLC purchased a new stake in HF Sinclair during the second quarter valued at about $34,000. Massmutual Trust Co. FSB ADV lifted its holdings in 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 purchasing an additional 370 shares during the last quarter. Bessemer Group Inc. lifted its holdings in 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 purchasing an additional 782 shares during the last quarter. Finally, Abich Financial Wealth Management LLC lifted its holdings in 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 purchasing an additional 1,368 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

NYSE DINO traded up $1.00 on Tuesday, reaching $40.01. 2,091,011 shares of the company's stock traded hands, compared to its average volume of 2,041,066. HF Sinclair Co. has a 12 month low of $38.25 and a 12 month high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a 50-day simple moving average of $44.75 and a 200 day simple moving average of $49.53. The stock has a market cap of $7.63 billion, a PE ratio of 24.70 and a beta of 1.18.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analysts' expectations of $7.11 billion. During the same period last year, the business earned $4.06 earnings per share. The business's quarterly revenue was down 19.1% on a year-over-year basis. As a group, research analysts predict that HF Sinclair Co. will post 2.32 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair's payout ratio is currently 123.46%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group dropped their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Barclays dropped their price objective on shares of HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Finally, BMO Capital Markets lowered their price target on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $54.45.

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.