Los Angeles Capital Management LLC Has $1.08 Million Stake in HF Sinclair Co. (NYSE:DINO)

Los Angeles Capital Management LLC reduced its holdings in HF Sinclair Co. (NYSE:DINO) by 88.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,251 shares of the company’s stock after selling 195,068 shares during the period. Los Angeles Capital Management LLC’s holdings in HF Sinclair were worth $1,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Matrix Trust Co boosted its holdings in shares of HF Sinclair by 122.4% in the 3rd 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 acquired a new stake in HF Sinclair in the third quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of HF Sinclair in the 2nd quarter valued at about $34,000. Massmutual Trust Co. FSB ADV grew its position in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after acquiring an additional 370 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of HF Sinclair by 201.0% during the 1st 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. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Up 0.1 %

Shares of NYSE:DINO opened at $42.48 on Friday. The company has a market capitalization of $7.99 billion, a P/E ratio of 26.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business’s 50 day simple moving average is $44.04 and its 200 day simple moving average is $48.95. HF Sinclair Co. has a 1 year low of $38.25 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the business earned $4.06 earnings per share. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. On average, research analysts anticipate that HF Sinclair Co. will post 2.39 EPS 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DINO has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Mizuho reduced their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company dropped 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 report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, HF Sinclair currently has an average 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.