IFM Investors Pty Ltd Sells 7,885 Shares of HF Sinclair Co. (NYSE:DINO)

IFM Investors Pty Ltd lessened its stake in shares of HF Sinclair Co. (NYSE:DINO) by 30.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,667 shares of the company’s stock after selling 7,885 shares during the period. IFM Investors Pty Ltd’s holdings in HF Sinclair were worth $787,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DINO. Pacer Advisors Inc. increased its stake in shares of HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC increased its position in HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares during the last quarter. Vanguard Group Inc. raised its stake in HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after buying an additional 696,031 shares during the period. Janus Henderson Group PLC lifted its position in shares of HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after buying an additional 660,978 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $33,177,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

DINO opened at $43.01 on Monday. The firm has a market cap of $8.26 billion, a P/E ratio of 5.32 and a beta of 1.16. The business’s fifty day moving average is $45.84 and its 200-day moving average is $50.43. HF Sinclair Co. has a 52-week low of $42.42 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $2.60 EPS. Sell-side analysts expect that HF Sinclair Co. will post 2.32 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on DINO. Wells Fargo & Company cut their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Mizuho reduced their target price on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Barclays lowered their price target on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. BMO Capital Markets reduced their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.82.

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.