Elo Mutual Pension Insurance Co Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Elo Mutual Pension Insurance Co lessened its stake in shares of HF Sinclair Co. (NYSE:DINO) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,375 shares of the company’s stock after selling 1,211 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in HF Sinclair were worth $713,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DINO. Nordea Investment Management AB grew its holdings in HF Sinclair by 424.5% during the first quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock worth $11,037,000 after acquiring an additional 148,208 shares during the period. Vanguard Group Inc. grew its stake in shares of HF Sinclair by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares during the period. Cetera Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at about $1,146,000. Oppenheimer & Co. Inc. lifted its stake in shares of HF Sinclair by 99.4% in the first quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after purchasing an additional 18,886 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in HF Sinclair during the first quarter worth about $3,891,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

HF Sinclair stock opened at $46.25 on Friday. The stock has a market capitalization of $8.89 billion, a P/E ratio of 5.72 and a beta of 1.18. HF Sinclair Co. has a 12-month low of $44.07 and a 12-month high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The firm’s 50-day moving average is $47.58 and its two-hundred day moving average is $53.15.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. HF Sinclair’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $2.60 earnings per share. Equities analysts predict that HF Sinclair Co. will post 3.69 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley lowered their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. upped their target price on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 19th. UBS Group cut their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company lowered their price objective on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, Mizuho cut their target price on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

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.