Vision Capital Management Inc. Reduces Stake in HF Sinclair Co. (NYSE:DINO)

Vision Capital Management Inc. decreased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 47.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,537 shares of the company’s stock after selling 32,071 shares during the period. Vision Capital Management Inc.’s holdings in HF Sinclair were worth $1,246,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in shares of HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after purchasing an additional 626,755 shares during the last quarter. AustralianSuper Pty Ltd increased its position in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after purchasing an additional 175,925 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock valued at $218,163,000 after purchasing an additional 165,313 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HF Sinclair by 21.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company’s stock valued at $38,406,000 after purchasing an additional 153,148 shares during the last quarter. Finally, FMR LLC increased its position in shares of HF Sinclair by 13.8% during the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company’s stock valued at $52,023,000 after purchasing an additional 141,472 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

HF Sinclair Trading Up 0.2 %

DINO opened at $38.03 on Thursday. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 23.47 and a beta of 1.22. The stock’s 50 day moving average price is $36.59 and its 200-day moving average price is $42.25. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DINO. Scotiabank reduced their price target on 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. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. TD Cowen lowered their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Mizuho lowered their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.00.

HF Sinclair Company 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.