US Bancorp DE Sells 2,932 Shares of HF Sinclair Co. (NYSE:DINO)

US Bancorp DE lowered its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 19.6% in the third quarter, HoldingsChannel reports. The firm owned 12,029 shares of the company’s stock after selling 2,932 shares during the period. US Bancorp DE’s holdings in HF Sinclair were worth $536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pallas Capital Advisors LLC acquired a new stake in shares of HF Sinclair in the third quarter valued at approximately $575,000. Nisa Investment Advisors LLC raised its position in shares of HF Sinclair by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 148,675 shares of the company’s stock valued at $6,626,000 after buying an additional 6,090 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of HF Sinclair by 13.2% in the third quarter. State of Alaska Department of Revenue now owns 21,716 shares of the company’s stock valued at $967,000 after buying an additional 2,535 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of HF Sinclair by 11.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,771 shares of the company’s stock valued at $4,564,000 after buying an additional 9,966 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of HF Sinclair by 6.1% in the third quarter. Louisiana State Employees Retirement System now owns 45,000 shares of the company’s stock valued at $2,006,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $42.43 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 25.80 and a beta of 1.18. The company’s fifty day moving average is $44.39 and its 200 day moving average is $49.21.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data 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 company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.06 earnings per share. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.71%. HF Sinclair’s payout ratio is 123.46%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were 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 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Scotiabank decreased their price objective on shares of 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. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. BMO Capital Markets decreased their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. UBS Group decreased their price objective on shares of 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, JPMorgan Chase & Co. decreased their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.27.

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.