HF Sinclair Co. (NYSE:DINO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its position in HF Sinclair Co. (NYSE:DINO) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,835,386 shares of the company’s stock after selling 217,807 shares during the quarter. Geode Capital Management LLC’s holdings in HF Sinclair were worth $126,099,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in HF Sinclair by 42.5% in the 2nd quarter. Blue Trust Inc. now owns 3,092 shares of the company’s stock valued at $165,000 after acquiring an additional 922 shares during the last quarter. Fifth Third Bancorp lifted its position in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after buying an additional 267 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in HF Sinclair during the second quarter worth $250,000. New York State Teachers Retirement System grew its holdings in HF Sinclair by 0.4% in the 2nd quarter. New York State Teachers Retirement System now owns 199,663 shares of the company’s stock valued at $10,650,000 after buying an additional 773 shares in the last quarter. Finally, Keynote Financial Services LLC increased its stake in shares of HF Sinclair by 3.4% in the 2nd quarter. Keynote Financial Services LLC now owns 11,354 shares of the company’s stock worth $606,000 after acquiring an additional 370 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DINO has been the topic of several recent research reports. Barclays lowered their price target 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. UBS Group cut their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. BMO Capital Markets cut their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.00.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $35.76 on Wednesday. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 22.07 and a beta of 1.20. 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 business has a 50-day moving average of $41.51 and a 200 day moving average of $46.26. HF Sinclair Co. has a 12 month low of $35.31 and a 12 month high of $64.16.

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

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost 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 in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

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.