Great West Life Assurance Co. Can Raises Stock Position in HF Sinclair Co. (NYSE:DINO)

Great West Life Assurance Co. Can lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 903,703 shares of the company’s stock after acquiring an additional 70,589 shares during the quarter. Great West Life Assurance Co. Can owned 0.49% of HF Sinclair worth $40,557,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DINO. Burney Co. purchased a new position in HF Sinclair during the 2nd quarter valued at about $236,000. Boston Partners purchased a new position in shares of HF Sinclair during the 1st quarter worth approximately $8,377,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of HF Sinclair by 10.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,583 shares of the company’s stock worth $1,528,000 after purchasing an additional 2,903 shares during the last quarter. abrdn plc purchased a new stake in HF Sinclair in the 1st quarter valued at approximately $228,000. Finally, Thompson Siegel & Walmsley LLC lifted its stake in HF Sinclair by 22.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,156,491 shares of the company’s stock valued at $51,590,000 after buying an additional 209,906 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

HF Sinclair Stock Performance

HF Sinclair stock opened at $54.24 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.23. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $66.19. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.38. The stock’s 50-day moving average is $55.70 and its 200-day moving average is $51.01.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Thursday, November 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.80 annualized dividend and a yield of 3.32%. HF Sinclair’s payout ratio is 15.57%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DINO. Mizuho decreased their price target on shares of HF Sinclair from $72.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, October 6th. Bank of America raised their price objective on HF Sinclair from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 18th. BMO Capital Markets initiated coverage on HF Sinclair in a research note on Thursday, October 5th. They issued an “outperform” rating and a $65.00 target price for the company. Piper Sandler reduced their target price on HF Sinclair from $73.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 9th. Finally, The Goldman Sachs Group lifted their price target on HF Sinclair from $56.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.55.

Insider Buying and Selling at HF Sinclair

In related news, EVP Valerie Pompa sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $56.89, for a total transaction of $284,450.00. Following the completion of the sale, the executive vice president now directly owns 20,217 shares of the company’s stock, valued at approximately $1,150,145.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.