Daiwa Securities Group Inc. Increases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Daiwa Securities Group Inc. boosted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,100 shares of the company’s stock after buying an additional 800 shares during the period. Daiwa Securities Group Inc.’s holdings in HF Sinclair were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its position in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after buying an additional 626,755 shares during the period. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after acquiring an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 3.5% in 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 acquiring an additional 165,313 shares during the last quarter. AQR Capital Management LLC increased its stake in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in shares of HF Sinclair by 11.7% during the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock worth $74,797,000 after purchasing an additional 175,925 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of HF Sinclair 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 purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DINO shares. Piper Sandler cut their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Barclays reduced their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.27.

HF Sinclair Trading Down 0.1 %

NYSE DINO opened at $40.93 on Friday. The firm has a market cap of $7.70 billion, a PE ratio of 25.27 and a beta of 1.18. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $43.14 and a 200 day moving average price of $47.79.

HF Sinclair (NYSE:DINO) last issued 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 return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior year, the business posted $4.06 EPS. 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 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.89%. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

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.