Mutual Advisors LLC Trims Stock Position in HF Sinclair Co. (NYSE:DINO)

Mutual Advisors LLC lessened its stake in HF Sinclair Co. (NYSE:DINO) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,428 shares of the company’s stock after selling 794 shares during the period. Mutual Advisors LLC’s holdings in HF Sinclair were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in DINO. Pacer Advisors Inc. increased its holdings in shares of HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after acquiring an additional 2,868,273 shares during the period. AQR Capital Management LLC grew its holdings in shares of HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares during the last quarter. Vanguard Group Inc. increased its position in HF Sinclair by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after acquiring an additional 696,031 shares during the period. Janus Henderson Group PLC raised its stake in HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in HF Sinclair during the 2nd quarter worth approximately $33,177,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

DINO stock opened at $38.70 on Friday. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 6.19 and a beta of 1.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $45.08 and a 200-day moving average of $49.88. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 earnings per share. As a group, equities analysts expect that HF Sinclair Co. will post 2.32 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 32.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wolfe Research started coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group cut their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Piper Sandler lowered 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. Scotiabank cut their price target on shares of 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, Barclays lowered their price objective on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.82.

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.