Verition Fund Management LLC raised its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 687.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,220 shares of the company's stock after purchasing an additional 87,495 shares during the quarter. Verition Fund Management LLC owned 0.05% of HF Sinclair worth $4,467,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock valued at $374,909,000 after buying an additional 626,755 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock valued at $306,665,000 after acquiring an additional 399,988 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in HF Sinclair by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock worth $218,163,000 after purchasing an additional 165,313 shares during the last quarter. AQR Capital Management LLC boosted its holdings in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock worth $147,873,000 after purchasing an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd increased its stake in HF Sinclair by 11.7% during the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock valued at $74,797,000 after purchasing an additional 175,925 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.28% of the company's stock.
HF Sinclair Stock Down 1.8 %
NYSE:DINO traded down $0.73 during mid-day trading on Wednesday, reaching $39.75. The stock had a trading volume of 1,935,744 shares, compared to its average volume of 2,005,994. The stock has a market cap of $7.48 billion, a P/E ratio of 24.98 and a beta of 1.20. The business's 50 day moving average is $42.97 and its 200 day moving average is $47.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16.
HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the business posted $4.06 earnings per share. The business's quarterly revenue was down 19.1% on a year-over-year basis. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.35 earnings per share for the current year.
HF Sinclair Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.03%. HF Sinclair's dividend payout ratio (DPR) is currently 123.46%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Mizuho decreased their target price on shares of HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Scotiabank reduced their price target 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. Wells Fargo & Company lowered their price target on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, October 9th. Barclays reduced their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Finally, Piper Sandler lowered their target price on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and an average target price of $54.27.
Check Out Our Latest Stock Analysis on HF Sinclair
About HF Sinclair
(
Free Report)
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.
Recommended Stories
Before you consider HF Sinclair, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HF Sinclair wasn't on the list.
While HF Sinclair currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.