Victory Capital Management Inc. Sells 108,776 Shares of HF Sinclair Co. (NYSE:DINO)

Victory Capital Management Inc. decreased its stake in HF Sinclair Co. (NYSE:DINO) by 51.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,059 shares of the company’s stock after selling 108,776 shares during the period. Victory Capital Management Inc.’s holdings in HF Sinclair were worth $3,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. increased its position in HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after buying an additional 626,755 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after buying an additional 617,218 shares in the last quarter. FMR LLC increased its position in HF Sinclair by 13.8% in the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after buying an additional 141,472 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of HF Sinclair by 11.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 987,750 shares of the company’s stock worth $44,024,000 after purchasing an additional 101,586 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of HF Sinclair by 21.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company’s stock worth $38,406,000 after purchasing an additional 153,148 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased 10,635 shares of company stock valued at $367,140 in the last ninety days. Insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

NYSE:DINO opened at $32.36 on Monday. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 39.47 and a beta of 1.13. HF Sinclair Co. has a 1 year low of $29.85 and a 1 year high of $64.16. The business has a 50 day simple moving average of $35.50 and a 200-day simple moving average of $39.68. 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 (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Analyst Ratings Changes

Several analysts recently issued reports on DINO shares. TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Morgan Stanley cut their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, Mizuho cut their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and a consensus target price of $47.10.

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.