Assetmark Inc. Purchases 2,287 Shares of HF Sinclair Co. (NYSE:DINO)

Assetmark Inc. increased its position in shares of HF Sinclair Co. (NYSE:DINO) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,683 shares of the company’s stock after buying an additional 2,287 shares during the period. Assetmark Inc.’s holdings in HF Sinclair were worth $4,443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in HF Sinclair during the 3rd quarter valued at approximately $273,000. Easterly Investment Partners LLC boosted its position in shares of HF Sinclair by 33.1% in the third quarter. Easterly Investment Partners LLC now owns 30,691 shares of the company’s stock valued at $1,368,000 after acquiring an additional 7,641 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of HF Sinclair in the third quarter worth $27,000. Keynote Financial Services LLC increased its position in HF Sinclair by 32.4% during the third quarter. Keynote Financial Services LLC now owns 15,029 shares of the company’s stock worth $670,000 after acquiring an additional 3,675 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its stake in HF Sinclair by 17.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 251,605 shares of the company’s stock valued at $11,214,000 after purchasing an additional 36,970 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

HF Sinclair stock opened at $42.06 on Wednesday. The business’s fifty day moving average is $44.25 and its two-hundred day moving average is $49.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a market cap of $7.91 billion, a P/E ratio of 25.96 and a beta of 1.18. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.06 earnings per share. Equities research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.76%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, for a total transaction 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. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank dropped their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Piper Sandler reduced their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Barclays lowered their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group reduced their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Wells Fargo & Company lowered their price target on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $54.27.

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.