JPMorgan Chase & Co. Buys 33,373 Shares of HF Sinclair Co. (NYSE:DINO)

JPMorgan Chase & Co. increased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 849,117 shares of the company’s stock after acquiring an additional 33,373 shares during the quarter. JPMorgan Chase & Co. owned about 0.45% of HF Sinclair worth $37,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Matrix Trust Co increased its position in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in HF Sinclair during the third quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV raised its position in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares during the period. Millburn Ridgefield Corp bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $50,000. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair in the 3rd quarter worth approximately $55,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $35.21 on Monday. HF Sinclair Co. has a fifty-two week low of $33.47 and a fifty-two week high of $64.16. The company has a market cap of $6.62 billion, a PE ratio of 21.73 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business has a 50-day simple moving average of $38.99 and a two-hundred day simple moving average of $44.57.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 EPS 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 company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the business earned $4.06 EPS. HF Sinclair’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, equities analysts expect that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DINO. TD Cowen reduced their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Scotiabank reduced their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group dropped their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Finally, Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.45.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the purchase, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought 17,000 shares of company stock worth $628,370 in the last 90 days. Insiders own 0.28% of the company’s stock.

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.