HF Sinclair Co. (NYSE:DINO) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in HF Sinclair Co. (NYSE:DINO) by 70.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,608 shares of the company’s stock after selling 72,080 shares during the quarter. Assenagon Asset Management S.A.’s holdings in HF Sinclair were worth $1,038,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in HF Sinclair by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,405 shares of the company’s stock valued at $4,235,000 after acquiring an additional 1,945 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of HF Sinclair by 23.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,454 shares of the company’s stock valued at $611,000 after purchasing an additional 2,212 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of HF Sinclair by 93.6% in the second quarter. AE Wealth Management LLC now owns 10,978 shares of the company’s stock valued at $586,000 after purchasing an additional 5,309 shares during the period. Sei Investments Co. raised its stake in shares of HF Sinclair by 1.3% during the second quarter. Sei Investments Co. now owns 62,440 shares of the company’s stock worth $3,330,000 after purchasing an additional 776 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in HF Sinclair by 64.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,275 shares of the company’s stock valued at $1,668,000 after buying an additional 12,236 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. BMO Capital Markets reduced their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays reduced their price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.00.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Atanas H. Atanasov bought 7,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,000 shares of company stock worth $628,370. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

HF Sinclair stock opened at $35.81 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $37.53 and its 200 day simple moving average is $43.01. HF Sinclair Co. has a 52 week low of $33.47 and a 52 week high of $64.16. The firm has a market capitalization of $6.74 billion, a PE ratio of 22.10 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data 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 business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the company posted $4.06 EPS. The company’s revenue was down 19.1% on a year-over-year basis. On average, equities research analysts predict that HF Sinclair Co. will post 1.34 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.59%. HF Sinclair’s dividend payout ratio is currently 123.46%.

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.