Pathstone Holdings LLC Decreases Holdings in HF Sinclair Co. (NYSE:DINO)

Pathstone Holdings LLC lowered its stake in shares of HF Sinclair Co. (NYSE:DINO) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,380 shares of the company’s stock after selling 2,703 shares during the period. Pathstone Holdings LLC’s holdings in HF Sinclair were worth $2,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Matrix Trust Co increased its stake in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of HF Sinclair in the third quarter worth approximately $27,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV raised its stake in HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after purchasing an additional 782 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of recent research reports. Barclays reduced their target price on shares of 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. Mizuho cut their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Piper Sandler lowered their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. BMO Capital Markets cut their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Scotiabank lowered their price objective on 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.27.

HF Sinclair Stock Performance

NYSE DINO opened at $42.22 on Tuesday. The stock has a market cap of $7.94 billion, a PE ratio of 26.06 and a beta of 1.18. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16. The stock has a fifty day simple moving average of $43.58 and a 200-day simple moving average of $48.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business 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 business’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.06 EPS. Equities analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.74%. HF Sinclair’s payout ratio is presently 123.46%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents 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 link. 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.