River Road Asset Management LLC Buys 25,041 Shares of HF Sinclair Co. (NYSE:DINO)

River Road Asset Management LLC grew its stake in HF Sinclair Co. (NYSE:DINO) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 769,847 shares of the company’s stock after purchasing an additional 25,041 shares during the period. River Road Asset Management LLC’s holdings in HF Sinclair were worth $34,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in HF Sinclair by 3.8% during the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after acquiring an additional 696,031 shares during the period. Pacer Advisors Inc. increased its position in shares of HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after purchasing an additional 2,868,273 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares in the last quarter. AQR Capital Management LLC lifted its position in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd boosted its stake in HF Sinclair by 11.7% during the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock worth $74,797,000 after buying an additional 175,925 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

HF Sinclair stock opened at $39.01 on Tuesday. The stock has a 50-day simple moving average of $44.89 and a 200 day simple moving average of $49.65. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.08 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 12-month low of $38.25 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data 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. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the company posted $4.06 EPS. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. On average, research analysts anticipate that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DINO shares. Scotiabank dropped their price objective 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. Wolfe Research began coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. UBS Group decreased their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday. Mizuho dropped their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, BMO Capital Markets decreased their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Six equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.45.

HF Sinclair Company 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.