Geode Capital Management LLC Sells 217,807 Shares of HF Sinclair Co. (NYSE:DINO)

Geode Capital Management LLC decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 7.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,835,386 shares of the company’s stock after selling 217,807 shares during the quarter. Geode Capital Management LLC owned 1.51% of HF Sinclair worth $126,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Matrix Trust Co boosted its holdings in HF Sinclair by 122.4% during the 3rd 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 period. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the third quarter worth $27,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the second quarter valued at $34,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in HF Sinclair in the 3rd quarter worth about $50,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov acquired 7,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

HF Sinclair Stock Up 0.4 %

Shares of HF Sinclair stock opened at $35.76 on Wednesday. HF Sinclair Co. has a 52-week low of $35.31 and a 52-week high of $64.16. The firm’s 50 day moving average price is $41.51 and its 200-day moving average price is $46.26. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.73 billion, a P/E ratio of 22.07 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 5.51% and a net margin of 1.10%. The business’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.06 earnings per share. On average, sell-side analysts predict that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

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

Wall Street Analyst Weigh In

DINO has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Scotiabank dropped their price objective on 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. Piper Sandler decreased their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. UBS Group dropped their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.00.

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.