KBC Group NV Sells 258,337 Shares of HF Sinclair Co. (NYSE:DINO)

KBC Group NV trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 50.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,967 shares of the company’s stock after selling 258,337 shares during the quarter. KBC Group NV’s holdings in HF Sinclair were worth $11,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Matrix Trust Co increased its holdings in 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 buying an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the 3rd quarter valued at $27,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its holdings in HF Sinclair by 82.2% in the 3rd 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 period. Finally, Bessemer Group Inc. lifted its position in HF Sinclair by 201.0% during the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after purchasing an additional 782 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

NYSE:DINO opened at $42.18 on Friday. The company has a market capitalization of $7.94 billion, a P/E ratio of 26.04 and a beta of 1.18. The business’s 50-day moving average is $43.91 and its 200 day moving average is $48.75. The company has a current ratio of 1.81, a quick ratio of 0.90 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 earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the company earned $4.06 EPS. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. On average, equities research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.74%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the topic of several recent research reports. Barclays decreased their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Scotiabank dropped their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective 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. 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. 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.27.

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.