Nisa Investment Advisors LLC Sells 9,500 Shares of HF Sinclair Co. (NYSE:DINO)

Nisa Investment Advisors LLC reduced its stake in shares of HF Sinclair Co. (NYSE:DINO) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,175 shares of the company’s stock after selling 9,500 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of HF Sinclair worth $4,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC raised its holdings in HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after buying an additional 226 shares during the period. Matrix Trust Co increased its position in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of HF Sinclair by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after acquiring an additional 367 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of HF Sinclair by 10.1% during the 3rd quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock worth $191,000 after purchasing an additional 392 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders bought 17,000 shares of company stock worth $628,370. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Trading Down 2.8 %

NYSE:DINO opened at $35.81 on Friday. The firm has a 50-day simple moving average of $37.53 and a 200-day simple moving average of $43.01. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16. The firm has a market cap of $6.74 billion, a P/E ratio of 22.10 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.06 earnings per share. Equities analysts anticipate that HF Sinclair Co. will post 1.34 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.59%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays reduced their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Mizuho decreased their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Scotiabank dropped their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. BMO Capital Markets reduced their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Finally, UBS Group lowered their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.00.

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.