HF Sinclair Co. (NYSE:DINO) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 9.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,088 shares of the company’s stock after acquiring an additional 3,193 shares during the period. Janney Montgomery Scott LLC’s holdings in HF Sinclair were worth $1,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Matrix Trust Co raised its position in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Innealta Capital LLC acquired a new position in HF Sinclair in the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV increased its holdings in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of HF Sinclair by 201.0% in the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after acquiring an additional 782 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in HF Sinclair by 15,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock worth $73,000 after purchasing an additional 1,368 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research reports. Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Mizuho dropped their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley cut their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. UBS Group reduced their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, 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 note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.27.

HF Sinclair Price Performance

NYSE DINO opened at $42.42 on Thursday. The firm has a market capitalization of $7.98 billion, a PE ratio of 26.08 and a beta of 1.18. 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 Co. has a 12 month low of $38.25 and a 12 month high of $64.16. The company’s 50 day simple moving average is $44.14 and its 200 day simple moving average is $48.99.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.06 EPS. As a group, equities research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.71%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the stock in a transaction on Friday, November 1st. The shares were bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

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.