HF Sinclair Co. (NYSE:DINO) Stock Position Trimmed by iA Global Asset Management Inc.

iA Global Asset Management Inc. trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 28.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,483 shares of the company’s stock after selling 1,399 shares during the period. iA Global Asset Management Inc.’s holdings in HF Sinclair were worth $155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its holdings in HF Sinclair by 4.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 164,775 shares of the company’s stock worth $7,207,000 after buying an additional 6,304 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of HF Sinclair by 77.9% during the third quarter. Quadrature Capital Ltd now owns 18,614 shares of the company’s stock valued at $830,000 after purchasing an additional 8,150 shares during the period. Quantinno Capital Management LP raised its stake in shares of HF Sinclair by 75.2% during the third quarter. Quantinno Capital Management LP now owns 9,657 shares of the company’s stock valued at $430,000 after purchasing an additional 4,144 shares in the last quarter. Quarry LP lifted its holdings in HF Sinclair by 1,591.3% in the third quarter. Quarry LP now owns 1,353 shares of the company’s stock worth $60,000 after purchasing an additional 1,273 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in HF Sinclair in the 3rd quarter valued at about $50,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

HF Sinclair stock opened at $38.70 on Wednesday. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The firm’s 50 day simple moving average is $42.51 and its 200-day simple moving average is $47.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company has a market cap of $7.28 billion, a P/E ratio of 24.32 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.06 EPS. As a group, equities research analysts predict that HF Sinclair Co. will post 2.31 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued 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 5.17%. HF Sinclair’s dividend payout ratio is 123.46%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent analyst reports. Scotiabank dropped their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Barclays cut their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $45.00 in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, UBS Group decreased their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.45.

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.