Pine Valley Investments Ltd Liability Co Acquires New Shares in HF Sinclair Co. (NYSE:DINO)

Pine Valley Investments Ltd Liability Co bought a new position in HF Sinclair Co. (NYSE:DINO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 132,986 shares of the company's stock, valued at approximately $5,927,000. Pine Valley Investments Ltd Liability Co owned about 0.07% of HF Sinclair as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock valued at $415,249,000 after purchasing an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock worth $147,873,000 after buying an additional 997,629 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of HF Sinclair by 90.2% in the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock valued at $45,315,000 after acquiring an additional 402,793 shares during the period. Dimensional Fund Advisors LP increased its position in HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock worth $306,665,000 after acquiring an additional 399,988 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in HF Sinclair in the 2nd quarter valued at $12,001,000. Institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

NYSE DINO traded down $0.78 on Thursday, hitting $38.16. 1,957,112 shares of the company were exchanged, compared to its average volume of 2,001,068. HF Sinclair Co. has a 1-year low of $37.90 and a 1-year high of $64.16. The firm has a 50 day moving average of $42.29 and a two-hundred day moving average of $46.83. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.18 billion, a P/E ratio of 23.56 and a beta of 1.20.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair's quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.06 earnings per share. On average, equities analysts predict that HF Sinclair Co. will post 2.31 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.24%. HF Sinclair's payout ratio is 123.46%.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DINO. 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 research report on Monday, September 16th. BMO Capital Markets cut their target price on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Scotiabank reduced their target price on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Barclays cut their price target on shares of HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.45.

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.