Cerity Partners LLC Acquires 10,988 Shares of HF Sinclair Co. (NYSE:DINO)

Cerity Partners LLC lifted its stake in HF Sinclair Co. (NYSE:DINO) by 53.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,551 shares of the company’s stock after purchasing an additional 10,988 shares during the quarter. Cerity Partners LLC’s holdings in HF Sinclair were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in HF Sinclair by 42.6% in the 1st quarter. Cetera Investment Advisers now owns 31,049 shares of the company’s stock worth $1,874,000 after acquiring an additional 9,275 shares during the last quarter. Cetera Advisors LLC purchased a new stake in HF Sinclair in the first quarter worth approximately $1,146,000. DNB Asset Management AS grew its position in HF Sinclair by 10.3% in the 2nd quarter. DNB Asset Management AS now owns 30,543 shares of the company’s stock worth $1,629,000 after purchasing an additional 2,841 shares during the period. CWM LLC raised its stake in HF Sinclair by 200.2% during the 2nd quarter. CWM LLC now owns 10,191 shares of the company’s stock valued at $544,000 after buying an additional 6,796 shares during the last quarter. Finally, Juncture Wealth Strategies LLC bought a new position in shares of HF Sinclair during the 2nd quarter valued at $220,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Scotiabank reduced their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Barclays reduced 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 report on Monday, November 11th. Finally, BMO Capital Markets decreased their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $54.27.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

HF Sinclair Trading Down 2.7 %

Shares of HF Sinclair stock opened at $40.47 on Wednesday. The business has a 50-day moving average price of $42.97 and a 200-day moving average price of $47.49. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 24.98 and a beta of 1.20. 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 posted its earnings results 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. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the firm posted $4.06 EPS. The business’s quarterly revenue was down 19.1% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Co. will post 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

About HF Sinclair

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.