HF Sinclair Co. (NYSE:DINO) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,088 shares of the company’s stock after purchasing an additional 3,193 shares during the period. Janney Montgomery Scott LLC’s holdings in HF Sinclair were worth $1,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Matrix Trust Co boosted its holdings in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares during the period. Innealta Capital LLC purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV lifted its holdings in HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares in the last quarter. Bessemer Group Inc. boosted its position in HF Sinclair by 201.0% in the 1st 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 stake in shares of HF Sinclair by 15,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock worth $73,000 after acquiring an additional 1,368 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost 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 $5,631,556.68. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DINO has been the topic of several analyst reports. Piper Sandler decreased 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. Scotiabank decreased 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. Mizuho cut their target price on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets decreased their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, Wolfe Research began coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.27.

HF Sinclair Price Performance

HF Sinclair stock opened at $42.42 on Thursday. 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 firm’s 50-day simple moving average is $44.14 and its 200 day simple moving average is $48.99. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16. The firm has a market capitalization of $7.98 billion, a PE ratio of 26.08 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business 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 company’s revenue was down 19.1% on a year-over-year basis. During the same period last year, the company posted $4.06 EPS. On average, equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.71%. 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.