HF Sinclair Co. (NYSE:DINO) Position Decreased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. reduced its holdings in HF Sinclair Co. (NYSE:DINO) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,533 shares of the company’s stock after selling 564 shares during the quarter. Coldstream Capital Management Inc.’s holdings in HF Sinclair were worth $469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its stake in HF Sinclair by 11.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after purchasing an additional 226 shares in the last quarter. Empirical Finance LLC increased its position in shares of HF Sinclair by 1.2% in the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after acquiring an additional 228 shares in the last quarter. Fifth Third Bancorp increased its position in shares of HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after acquiring an additional 267 shares in the last quarter. Matrix Trust Co raised its holdings in shares of HF Sinclair by 122.4% during the third 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. Finally, iA Global Asset Management Inc. lifted its position in shares of HF Sinclair by 7.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock valued at $260,000 after acquiring an additional 342 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Franklin Myers acquired 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 owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DINO shares. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Piper Sandler lowered their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Mizuho cut their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Scotiabank lowered their target price 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. Finally, BMO Capital Markets cut their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.45.

HF Sinclair Stock Down 1.9 %

Shares of DINO stock opened at $37.45 on Friday. The stock’s 50 day simple moving average is $41.91 and its 200 day simple moving average is $46.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a twelve month low of $37.34 and a twelve month high of $64.16. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 23.12 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.06 earnings per share. As a group, research analysts predict that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 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.