AustralianSuper Pty Ltd Acquires 175,925 Shares of HF Sinclair Co. (NYSE:DINO)

AustralianSuper Pty Ltd increased its holdings in HF Sinclair Co. (NYSE:DINO) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,678,196 shares of the company’s stock after buying an additional 175,925 shares during the period. AustralianSuper Pty Ltd owned 0.87% of HF Sinclair worth $74,797,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Pallas Capital Advisors LLC bought a new position in shares of HF Sinclair in the third quarter worth $575,000. Nisa Investment Advisors LLC lifted its holdings in HF Sinclair by 4.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 148,675 shares of the company’s stock worth $6,626,000 after purchasing an additional 6,090 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in HF Sinclair by 13.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,716 shares of the company’s stock worth $967,000 after purchasing an additional 2,535 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in HF Sinclair by 11.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,771 shares of the company’s stock valued at $4,564,000 after buying an additional 9,966 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of HF Sinclair by 6.1% during the third quarter. Louisiana State Employees Retirement System now owns 45,000 shares of the company’s stock valued at $2,006,000 after buying an additional 2,600 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. 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. Wolfe Research started coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Finally, Scotiabank cut 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $55.82.

HF Sinclair Price Performance

DINO traded down $1.63 during midday trading on Thursday, hitting $39.19. The stock had a trading volume of 1,884,450 shares, compared to its average volume of 2,018,673. The company has a market cap of $7.48 billion, a P/E ratio of 6.53 and a beta of 1.16. HF Sinclair Co. has a 1 year low of $38.65 and a 1 year high of $64.16. The business has a fifty day moving average of $45.46 and a 200 day moving average of $50.10. 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 company 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 firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.60 EPS. As a group, equities analysts forecast that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

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.