Victory Capital Management Inc. Lowers Stake in HF Sinclair Co. (NYSE:DINO)

Victory Capital Management Inc. lowered its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 52.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,835 shares of the company's stock after selling 231,442 shares during the period. Victory Capital Management Inc. owned 0.11% of HF Sinclair worth $9,352,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in shares of HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock worth $415,249,000 after buying an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC boosted its stake 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 valued at $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company's stock worth $40,168,000 after purchasing an additional 660,978 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of HF Sinclair during the second quarter worth about $33,177,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock valued at $45,315,000 after purchasing an additional 402,793 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.35 during trading hours on Friday, hitting $42.38. The stock had a trading volume of 1,307,205 shares, compared to its average volume of 2,014,231. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 26.16 and a beta of 1.18. 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 1-year low of $38.25 and a 1-year high of $64.16. The stock's fifty day moving average is $43.64 and its two-hundred day moving average is $48.38.

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 during the quarter, compared to analysts' expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm's quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.06 earnings per share. As a group, analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.72%. HF Sinclair's dividend payout ratio is currently 123.46%.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of research reports. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company lowered their target price on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. UBS Group decreased their price target on HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, BMO Capital Markets cut their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.27.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $38.76 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is currently owned by company insiders.

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.