Van ECK Associates Corp Cuts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Van ECK Associates Corp reduced its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 32.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,049 shares of the company's stock after selling 39,785 shares during the quarter. Van ECK Associates Corp's holdings in HF Sinclair were worth $3,476,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DINO. Matrix Trust Co grew its stake in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after acquiring an additional 317 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of HF Sinclair in the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of HF Sinclair by 82.2% in 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. boosted its stake in shares of HF Sinclair by 201.0% in 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 grew its position 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 worth $73,000 after buying an additional 1,368 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DINO. Barclays cut their target price on HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, October 7th. Wolfe Research began coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They set a "peer perform" rating on the stock. Mizuho decreased their target price on shares of HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Scotiabank cut their price target on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Finally, UBS Group decreased their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $54.45.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

HF Sinclair Stock Up 0.7 %

NYSE DINO traded up $0.28 on Friday, reaching $41.81. The company had a trading volume of 1,533,593 shares, compared to its average volume of 2,025,146. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company's fifty day moving average is $44.39 and its 200 day moving average is $49.26. HF Sinclair Co. has a 52-week low of $38.25 and a 52-week high of $64.16. The stock has a market capitalization of $7.87 billion, a P/E ratio of 25.81 and a beta of 1.18.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. The business's quarterly revenue was down 19.1% compared to the same quarter last year. During the same period last year, the firm earned $4.06 EPS. Sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Thursday, November 21st. HF Sinclair's payout ratio is 123.46%.

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.