HighTower Advisors LLC Decreases Stock Position in HF Sinclair Co. (NYSE:DINO)

HighTower Advisors LLC lessened its stake in shares of HF Sinclair Co. (NYSE:DINO) by 57.5% in the 3rd quarter, Holdings Channel reports. The firm owned 17,181 shares of the company’s stock after selling 23,223 shares during the period. HighTower Advisors LLC’s holdings in HF Sinclair were worth $763,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co lifted its position in shares of HF Sinclair by 122.4% in the third 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 purchased a new stake in shares of HF Sinclair during the 3rd quarter worth approximately $27,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its position in shares of HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after acquiring an additional 370 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair in the third quarter valued at $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Atanas H. Atanasov bought 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO stock opened at $34.70 on Thursday. The stock has a 50 day moving average price of $41.31 and a 200 day moving average price of $46.18. HF Sinclair Co. has a 52-week low of $34.58 and a 52-week 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. The firm has a market capitalization of $6.53 billion, a P/E ratio of 21.42 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period last year, the company earned $4.06 earnings per share. As a group, sell-side analysts predict 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. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.76%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Mizuho decreased their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday. BMO Capital Markets dropped their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. UBS Group reduced their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Scotiabank lowered their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Seven 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, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $51.45.

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.