Y Intercept Hong Kong Ltd Decreases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Y Intercept Hong Kong Ltd lessened its holdings in HF Sinclair Co. (NYSE:DINO) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,745 shares of the company’s stock after selling 2,581 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in HF Sinclair were worth $746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DINO. Delos Wealth Advisors LLC acquired a new stake in HF Sinclair during the 3rd quarter worth $76,000. Orion Portfolio Solutions LLC lifted its holdings in shares of HF Sinclair by 31.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 24,876 shares of the company’s stock valued at $1,109,000 after purchasing an additional 5,911 shares during the last quarter. XTX Topco Ltd boosted its position in shares of HF Sinclair by 164.0% in the 3rd quarter. XTX Topco Ltd now owns 62,260 shares of the company’s stock valued at $2,775,000 after purchasing an additional 38,681 shares during the period. iSAM Funds UK Ltd purchased a new position in HF Sinclair during the 3rd quarter worth approximately $883,000. Finally, Kovitz Investment Group Partners LLC increased its position in HF Sinclair by 4.0% during the third 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 during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Barclays lowered their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Piper Sandler decreased their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Mizuho reduced their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average price target of $53.45.

Insider Buying and Selling

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price 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 approximately $5,631,556.68. This represents a 3.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

DINO opened at $37.45 on Friday. HF Sinclair Co. has a 1-year low of $37.34 and a 1-year high of $64.16. The stock has a market cap of $7.05 billion, a P/E ratio of 23.12 and a beta of 1.20. The stock’s 50 day simple moving average is $41.91 and its 200 day simple moving average is $46.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business 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 5.51% and a net margin of 1.10%. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter last year, the business posted $4.06 earnings per share. As a group, equities analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. 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 5.34%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

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.