Martingale Asset Management L P Increases Position in HF Sinclair Co. (NYSE:DINO)

Martingale Asset Management L P grew its holdings in HF Sinclair Co. (NYSE:DINO) by 23.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 187,115 shares of the company’s stock after buying an additional 35,058 shares during the period. Martingale Asset Management L P owned 0.10% of HF Sinclair worth $8,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DINO. Matrix Trust Co increased its stake in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after acquiring an additional 317 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of HF Sinclair during the third quarter worth about $27,000. Innealta Capital LLC acquired a new position in shares of HF Sinclair during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV increased its stake in shares of HF Sinclair by 82.2% during the third 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 period. Finally, Coastline Trust Co acquired a new position in shares of HF Sinclair during the third quarter worth about $55,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 0.0 %

DINO stock opened at $40.97 on Friday. The company’s 50 day simple moving average is $43.14 and its 200-day simple moving average is $47.86. The firm has a market capitalization of $7.71 billion, a PE ratio of 25.29 and a beta of 1.18. HF Sinclair Co. has a 12 month low of $38.25 and a 12 month high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion for 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 company’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.06 earnings per share. Equities analysts expect that HF Sinclair Co. will post 2.35 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DINO shares. Scotiabank dropped their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Mizuho lowered their target price on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Barclays lowered their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, Wells Fargo & Company lowered their target price on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $54.27.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

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.