Thrivent Financial for Lutherans Acquires 1,890 Shares of HF Sinclair Co. (NYSE:DINO)

Thrivent Financial for Lutherans raised its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,400 shares of the company’s stock after purchasing an additional 1,890 shares during the period. Thrivent Financial for Lutherans’ holdings in HF Sinclair were worth $1,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after acquiring an additional 2,868,273 shares during the period. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in shares of HF Sinclair during the 2nd quarter valued at about $33,177,000. Squarepoint Ops LLC boosted its stake in shares of HF Sinclair by 90.2% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after buying an additional 399,988 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 0.0 %

DINO stock opened at $40.97 on Friday. 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 business has a 50 day simple moving average of $43.14 and a two-hundred day simple moving average of $47.86. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 25.29 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 (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.06 EPS. Research analysts anticipate that HF Sinclair Co. will post 2.35 EPS for the current fiscal 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio is 123.46%.

Insider Activity

In other news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Piper Sandler reduced their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Wells Fargo & Company decreased their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Mizuho reduced 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 report on Thursday, October 10th. UBS Group lowered their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Scotiabank cut their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.27.

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.