Sumitomo Mitsui Trust Group Inc. Sells 18,054 Shares of HF Sinclair Co. (NYSE:DINO)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 306,506 shares of the company's stock after selling 18,054 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.16% of HF Sinclair worth $10,743,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of HF Sinclair by 21.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,630 shares of the company's stock valued at $4,198,000 after purchasing an additional 21,859 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of HF Sinclair by 16.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 28,741 shares of the company's stock valued at $1,007,000 after purchasing an additional 3,981 shares during the period. Paragon Capital Management Inc. lifted its stake in shares of HF Sinclair by 24.9% in the 4th quarter. Paragon Capital Management Inc. now owns 44,084 shares of the company's stock valued at $1,545,000 after purchasing an additional 8,800 shares during the period. abrdn plc lifted its stake in shares of HF Sinclair by 16.5% in the 4th quarter. abrdn plc now owns 7,781 shares of the company's stock valued at $271,000 after purchasing an additional 1,102 shares during the period. Finally, McAdam LLC purchased a new position in shares of HF Sinclair in the 4th quarter valued at approximately $201,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Up 3.0 %

Shares of DINO stock traded up $1.12 during mid-day trading on Friday, hitting $38.02. The company's stock had a trading volume of 3,668,241 shares, compared to its average volume of 2,593,447. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The business has a 50-day moving average price of $36.08 and a 200 day moving average price of $41.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 23.47 and a beta of 1.22.

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 78,927 shares of the company's stock, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of research analyst reports. TD Cowen lowered their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Mizuho lowered their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Barclays lowered their target price on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Finally, UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $51.00.

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.