Hi Line Capital Management LLC Sells 1,043 Shares of HF Sinclair Co. (NYSE:DINO)

Hi Line Capital Management LLC trimmed its stake in HF Sinclair Co. (NYSE:DINO) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,732 shares of the company’s stock after selling 1,043 shares during the period. HF Sinclair accounts for 0.4% of Hi Line Capital Management LLC’s portfolio, making the stock its 25th largest position. Hi Line Capital Management LLC’s holdings in HF Sinclair were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DINO. Pacer Advisors Inc. grew its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after buying an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC grew its stake in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Vanguard Group Inc. grew its stake in HF Sinclair by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares during the last quarter. Janus Henderson Group PLC grew its stake in HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in HF Sinclair during the 2nd quarter valued at about $33,177,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on DINO shares. UBS Group dropped their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Scotiabank dropped their price target 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. Wolfe Research began coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Finally, Mizuho lowered their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.82.

HF Sinclair Stock Performance

NYSE DINO opened at $38.61 on Friday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 6.18 and a beta of 1.16. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $45.29 and a 200 day moving average of $50.02.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the firm earned $4.06 earnings per share. The business’s revenue was down 19.1% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair Co. will post 2.32 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.18%. HF Sinclair’s payout ratio is currently 32.00%.

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.