HF Sinclair Co. (NYSE:DINO) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 33.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,691 shares of the company’s stock after purchasing an additional 7,641 shares during the period. Easterly Investment Partners LLC’s holdings in HF Sinclair were worth $1,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after buying an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after acquiring an additional 997,629 shares during the period. Vanguard Group Inc. grew its position in shares of HF Sinclair by 3.8% during the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after acquiring an additional 696,031 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares during the period. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in HF Sinclair in the 2nd quarter valued at $33,177,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the 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 purchase, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Stock Up 0.7 %

DINO stock opened at $41.81 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $44.39 and its 200 day moving average price is $49.32. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16. The company has a market cap of $7.87 billion, a P/E ratio of 25.81 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the previous year, the company earned $4.06 EPS. The company’s quarterly revenue was down 19.1% on a year-over-year basis. On average, research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DINO. Piper Sandler lowered their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock 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 note on Friday, October 4th. Wells Fargo & Company decreased their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Wolfe Research started coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Barclays decreased their price target on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.45.

HF Sinclair 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.