Nisa Investment Advisors LLC Buys 6,090 Shares of HF Sinclair Co. (NYSE:DINO)

Nisa Investment Advisors LLC grew its stake in HF Sinclair Co. (NYSE:DINO) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,675 shares of the company’s stock after acquiring an additional 6,090 shares during the quarter. Nisa Investment Advisors LLC owned 0.08% of HF Sinclair worth $6,626,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Matrix Trust Co raised its stake 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 purchasing an additional 317 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of HF Sinclair in the second quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of HF Sinclair by 201.0% in the first 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. Finally, Abich Financial Wealth Management LLC increased its position in HF Sinclair by 15,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock valued at $73,000 after acquiring an additional 1,368 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of research reports. Piper Sandler reduced their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. BMO Capital Markets reduced their price objective 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. Mizuho reduced their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Barclays reduced their price objective on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.82.

HF Sinclair Stock Performance

NYSE:DINO opened at $38.61 on Friday. The stock has a 50-day simple moving average of $45.29 and a two-hundred day simple moving average of $50.02. HF Sinclair Co. has a 52-week low of $38.25 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm has a market capitalization of $7.37 billion, a PE ratio of 6.18 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.60 earnings per share. Analysts forecast that HF Sinclair Co. will post 2.32 EPS for the current year.

About HF Sinclair

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.