Fmr LLC Raises Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Fmr LLC grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,167,209 shares of the company’s stock after acquiring an additional 141,472 shares during the quarter. Fmr LLC owned about 0.62% of HF Sinclair worth $52,023,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after acquiring an additional 626,755 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock valued at $218,163,000 after purchasing an additional 165,313 shares during the last quarter. AQR Capital Management LLC lifted its stake 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. Finally, AustralianSuper Pty Ltd lifted its stake in shares of HF Sinclair by 11.7% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock worth $74,797,000 after purchasing an additional 175,925 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 shares were bought at an average price 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 in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

HF Sinclair Trading Down 1.6 %

DINO stock opened at $38.91 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 $42.62 and a two-hundred day simple moving average of $47.19. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 24.02 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last issued 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. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 earnings per share. Research analysts anticipate that HF Sinclair Co. will post 2.31 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.14%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Analysts Set New Price Targets

A number of analysts have commented on DINO shares. Morgan Stanley reduced their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. 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 note on Wednesday, October 2nd. UBS Group decreased their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Scotiabank cut their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Wells Fargo & Company decreased their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.