HighTower Advisors LLC Decreases Position in HF Sinclair Co. (NYSE:DINO)

HighTower Advisors LLC lessened its position in HF Sinclair Co. (NYSE:DINO) by 57.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,181 shares of the company’s stock after selling 23,223 shares during the period. HighTower Advisors LLC’s holdings in HF Sinclair were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP bought a new position in HF Sinclair in the 3rd quarter valued at approximately $1,253,000. Point72 Hong Kong Ltd bought a new position in shares of HF Sinclair during the second quarter valued at $723,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of HF Sinclair by 4.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock valued at $47,268,000 after purchasing an additional 41,456 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of HF Sinclair by 3.4% during the third quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock valued at $34,312,000 after buying an additional 25,041 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in HF Sinclair by 25.1% in the 3rd quarter. Citigroup Inc. now owns 200,882 shares of the company’s stock worth $8,953,000 after buying an additional 40,341 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $34.70 on Thursday. 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 stock has a 50-day simple moving average of $41.31 and a two-hundred day simple moving average of $46.18. The firm has a market capitalization of $6.53 billion, a PE ratio of 21.42 and a beta of 1.20. HF Sinclair Co. has a 52-week low of $34.58 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the company posted $4.06 EPS. The firm’s revenue was down 19.1% on a year-over-year basis. Analysts forecast that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.76%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Activity

In other HF Sinclair news, CFO Atanas H. Atanasov bought 7,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following 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 position. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Mizuho lowered their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday. 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. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets lowered their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.45.

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.