Sumitomo Mitsui Trust Group Inc. Acquires 9,899 Shares of HF Sinclair Co. (NYSE:DINO)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 3.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 324,560 shares of the company’s stock after buying an additional 9,899 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in HF Sinclair were worth $14,466,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Matrix Trust Co grew its stake in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after buying an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair during the third quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in shares of HF Sinclair during the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV grew its stake in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings 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 valued at $71,000 after purchasing an additional 782 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO stock opened at $42.18 on Monday. The business’s fifty day simple moving average is $43.91 and its 200-day simple moving average is $48.72. The company has a market cap of $7.94 billion, a PE ratio of 26.04 and a beta of 1.18. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $7.21 billion for 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 quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.06 earnings per share. Analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s payout ratio is presently 123.46%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DINO shares. Piper Sandler lowered their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Morgan Stanley lowered their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. 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. Scotiabank lowered their price target 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. Finally, Mizuho lowered their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.