HF Sinclair Co. (NYSE:DINO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in HF Sinclair Co. (NYSE:DINO) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,816 shares of the company’s stock after selling 7,137 shares during the quarter. Mutual of America Capital Management LLC’s holdings in HF Sinclair were worth $4,577,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. acquired a new stake in HF Sinclair in the second quarter valued at $4,267,000. Dimensional Fund Advisors LP raised its position 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 worth $306,665,000 after acquiring an additional 399,988 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in HF Sinclair by 4.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock worth $47,268,000 after purchasing an additional 41,456 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in HF Sinclair by 2.5% in the second quarter. Envestnet Asset Management Inc. now owns 79,405 shares of the company’s stock valued at $4,235,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in HF Sinclair by 8.1% during the second quarter. Wealthspire Advisors LLC now owns 7,474 shares of the company’s stock worth $399,000 after purchasing an additional 558 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 2.1 %

DINO stock opened at $46.25 on Friday. The stock has a market capitalization of $8.89 billion, a PE ratio of 5.72 and a beta of 1.18. The company has a fifty day moving average of $47.58 and a 200-day moving average of $53.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. HF Sinclair Co. has a one year low of $44.07 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter last year, the firm earned $2.60 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. As a group, analysts expect that HF Sinclair Co. will post 3.69 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.32%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DINO. Barclays lifted their price target on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Wolfe Research began coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

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.