Vestcor Inc Has $167,000 Stock Position in HF Sinclair Co. (NYSE:DINO)

Vestcor Inc lowered its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 87.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,757 shares of the company's stock after selling 27,082 shares during the period. Vestcor Inc's holdings in HF Sinclair were worth $167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DINO. Matrix Trust Co increased its stake in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after buying an additional 317 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the 3rd quarter valued at $27,000. Innealta Capital LLC acquired a new position in shares of HF Sinclair in the second quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after acquiring an additional 370 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in HF Sinclair during the third quarter valued at $50,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the stock in a transaction on Friday, November 1st. The stock was purchased at an average price 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 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company's stock.

HF Sinclair Price Performance

NYSE:DINO traded down $0.71 during trading hours on Friday, reaching $37.45. The company had a trading volume of 1,659,360 shares, compared to its average volume of 1,999,649. The stock has a 50-day moving average of $41.91 and a two-hundred day moving average of $46.57. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a one year low of $37.34 and a one year high of $64.16. The firm has a market capitalization of $7.05 billion, a PE ratio of 23.12 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 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the business earned $4.06 EPS. HF Sinclair's revenue was down 19.1% compared to the same quarter last year. Analysts forecast that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. HF Sinclair's dividend payout ratio (DPR) is currently 123.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DINO shares. Barclays cut their price target on 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. Morgan Stanley cut their price target on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Piper Sandler reduced their target price on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company cut HF Sinclair from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $53.45.

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.