HF Sinclair Co. (NYSE:DINO) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in HF Sinclair Co. (NYSE:DINO) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,411,694 shares of the company’s stock after acquiring an additional 626,755 shares during the period. HF Sinclair makes up approximately 0.8% of Pacer Advisors Inc.’s holdings, making the stock its 29th biggest holding. Pacer Advisors Inc. owned 4.47% of HF Sinclair worth $374,909,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC lifted its stake in shares of HF Sinclair by 11.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 987,750 shares of the company’s stock worth $44,024,000 after buying an additional 101,586 shares during the period. John G Ullman & Associates Inc. lifted its stake in shares of HF Sinclair by 33.3% during the third quarter. John G Ullman & Associates Inc. now owns 6,000 shares of the company’s stock worth $267,000 after buying an additional 1,500 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of HF Sinclair by 42.8% during the third quarter. Advisors Asset Management Inc. now owns 31,171 shares of the company’s stock worth $1,389,000 after buying an additional 9,346 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of HF Sinclair during the third quarter worth $1,095,000. Finally, Aviance Capital Partners LLC lifted its stake in shares of HF Sinclair by 34.7% during the third quarter. Aviance Capital Partners LLC now owns 27,209 shares of the company’s stock worth $1,213,000 after buying an additional 7,007 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. 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 report on Friday, October 4th. Scotiabank cut their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Finally, UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus target price of $54.27.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Trading Up 0.2 %

NYSE DINO opened at $42.36 on Thursday. The company’s fifty day simple moving average is $43.74 and its 200-day simple moving average is $48.51. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $7.97 billion, a P/E ratio of 26.15 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm’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 earned $4.06 earnings per share. Equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s payout ratio is 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.