Dynamic Technology Lab Private Ltd Sells 10,768 Shares of HF Sinclair Co. (NYSE:DINO)

Dynamic Technology Lab Private Ltd lowered its stake in HF Sinclair Co. (NYSE:DINO) by 33.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,260 shares of the company’s stock after selling 10,768 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in HF Sinclair were worth $948,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DINO. Cetera Advisors LLC acquired a new stake in HF Sinclair in the first quarter valued at approximately $1,146,000. Neo Ivy Capital Management bought a new stake in HF Sinclair during the 2nd quarter worth $806,000. Janus Henderson Group PLC increased its holdings in HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock worth $40,168,000 after purchasing an additional 660,978 shares in the last quarter. Aigen Investment Management LP bought a new position in HF Sinclair in the third quarter valued at about $1,253,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of HF Sinclair by 399.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock valued at $3,108,000 after purchasing an additional 46,586 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of DINO stock opened at $40.98 on Thursday. The firm has a 50 day moving average of $43.37 and a 200-day moving average of $48.01. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 25.30 and a beta of 1.18. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly 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 the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.06 earnings per share. On average, equities analysts forecast that HF Sinclair Co. will post 2.35 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.88%. HF Sinclair’s payout ratio is currently 123.46%.

Insider Buying and Selling at HF Sinclair

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets dropped 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. Mizuho dropped their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Piper Sandler cut their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Finally, Morgan Stanley decreased their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.27.

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.