Victory Capital Management Inc. Sells 231,442 Shares of HF Sinclair Co. (NYSE:DINO)

Victory Capital Management Inc. lessened its position in shares of HF Sinclair Co. (NYSE:DINO) by 52.4% in the third quarter, according to the company in its most recent 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 about 0.11% of HF Sinclair worth $9,352,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $1,253,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of HF Sinclair by 3.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,560 shares of the company’s stock worth $14,466,000 after buying an additional 9,899 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of HF Sinclair by 15.4% during the 3rd quarter. Sigma Planning Corp now owns 6,309 shares of the company’s stock worth $281,000 after buying an additional 844 shares during the last quarter. Covestor Ltd boosted its stake in shares of HF Sinclair by 54.0% during the 3rd quarter. Covestor Ltd now owns 3,096 shares of the company’s stock worth $138,000 after buying an additional 1,085 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of HF Sinclair by 2.3% during the 3rd quarter. Assetmark Inc. now owns 99,683 shares of the company’s stock worth $4,443,000 after buying an additional 2,287 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of a number of recent research reports. Mizuho reduced their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets cut their target price 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. Barclays cut their target price on shares of 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. Wells Fargo & Company cut their target price on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Finally, UBS Group cut their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.27.

HF Sinclair Trading Up 0.7 %

Shares of DINO stock opened at $42.12 on Friday. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16. The firm has a 50 day moving average price of $43.70 and a two-hundred day moving average price of $48.47. The company has a market capitalization of $7.92 billion, a PE ratio of 26.00 and a beta of 1.18. 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 (NYSE:DINO) 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 net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the firm earned $4.06 earnings per share. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, analysts predict that HF Sinclair Co. will post 2.39 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 issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.75%. HF Sinclair’s dividend payout ratio is presently 123.46%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at $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 link. Insiders own 0.28% of the company’s stock.

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.