Advisors Asset Management Inc. Purchases 9,346 Shares of HF Sinclair Co. (NYSE:DINO)

Advisors Asset Management Inc. lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 42.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,171 shares of the company’s stock after buying an additional 9,346 shares during the period. Advisors Asset Management Inc.’s holdings in HF Sinclair were worth $1,389,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DINO. Pacer Advisors Inc. grew its position in shares of HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after purchasing an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC lifted its stake in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of HF Sinclair during the second quarter valued at approximately $33,177,000. Finally, Squarepoint Ops LLC grew its holdings in HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock worth $45,315,000 after acquiring an additional 402,793 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DINO has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Wells Fargo & Company cut their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets cut their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Piper Sandler dropped their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and a consensus target price of $54.27.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

NYSE:DINO opened at $42.22 on Tuesday. 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 has a 50 day simple moving average of $43.58 and a 200-day simple moving average of $48.16. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 26.06 and a beta of 1.18. 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 earnings per share 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 the consensus estimate of $7.11 billion. During the same period in the prior year, the business posted $4.06 earnings per share. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. Equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.74%. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

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.