CENTRAL TRUST Co Lowers Stock Position in HF Sinclair Co. (NYSE:DINO)

CENTRAL TRUST Co trimmed its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 25.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,814 shares of the company’s stock after selling 625 shares during the quarter. CENTRAL TRUST Co’s holdings in HF Sinclair were worth $81,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of HF Sinclair by 424.5% in the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock valued at $11,037,000 after acquiring an additional 148,208 shares during the period. Cetera Advisors LLC acquired a new position in shares of HF Sinclair during the first quarter valued at about $1,146,000. Oppenheimer & Co. Inc. raised its position in shares of HF Sinclair by 99.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after purchasing an additional 18,886 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in HF Sinclair in the 1st quarter worth approximately $3,891,000. Finally, Bayesian Capital Management LP purchased a new stake in HF Sinclair during the 1st quarter worth approximately $785,000. Institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DINO. Morgan Stanley decreased their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Barclays decreased their target price 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. Scotiabank dropped 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. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, Mizuho reduced their price objective 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $55.82.

HF Sinclair Stock Up 0.2 %

Shares of DINO opened at $43.01 on Monday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a market cap of $8.26 billion, a P/E ratio of 5.32 and a beta of 1.16. The stock’s 50 day moving average is $45.84 and its two-hundred day moving average is $50.43. HF Sinclair Co. has a 12 month low of $42.42 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts predict that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.65%. HF Sinclair’s dividend payout ratio (DPR) is currently 24.75%.

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.