Sumitomo Mitsui Trust Group Inc. Grows Stake in HF Sinclair Co. (NYSE:DINO)

Sumitomo Mitsui Trust Group Inc. lifted its position in HF Sinclair Co. (NYSE:DINO) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,560 shares of the company’s stock after buying an additional 9,899 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of HF Sinclair worth $14,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Matrix Trust Co boosted its stake in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair in the 3rd quarter worth $27,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair in the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV boosted its stake 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 worth $37,000 after buying an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in HF Sinclair by 201.0% during 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 in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 0.7 %

Shares of DINO stock opened at $42.18 on Monday. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16. 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 stock’s 50-day moving average price is $43.91 and its 200-day moving average price is $48.72. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 26.04 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (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 firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the previous year, the firm posted $4.06 earnings per share. The business’s revenue was down 19.1% compared to the same quarter last year. Equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders 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 dividend yield of 4.74%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $38.76 per share, with a total value 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 $5,631,556.68. The trade was a 3.56 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company lowered their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler lowered their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Mizuho lowered their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Morgan Stanley lowered their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, HF Sinclair has a consensus 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.