DRW Securities LLC Grows Holdings in HF Sinclair Co. (NYSE:DINO)

DRW Securities LLC boosted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,161 shares of the company’s stock after acquiring an additional 12,161 shares during the period. DRW Securities LLC’s holdings in HF Sinclair were worth $2,548,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its stake in shares of HF Sinclair by 15.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,021 shares of the company’s stock worth $786,000 after acquiring an additional 1,782 shares during the last quarter. UniSuper Management Pty Ltd grew its position in HF Sinclair by 91.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the company’s stock valued at $139,000 after purchasing an additional 1,100 shares during the last quarter. Bessemer Group Inc. increased its stake in HF Sinclair by 201.0% during the 1st 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. Advisors Asset Management Inc. raised its holdings in HF Sinclair by 62.5% in the first quarter. Advisors Asset Management Inc. now owns 20,175 shares of the company’s stock worth $1,218,000 after buying an additional 7,763 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of HF Sinclair by 10.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,115 shares of the company’s stock worth $4,958,000 after buying an additional 7,881 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DINO. JPMorgan Chase & Co. decreased their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report 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. Finally, Barclays dropped their price target on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.27.

HF Sinclair Stock Up 0.8 %

DINO opened at $42.37 on Monday. HF Sinclair Co. has a 1-year low of $38.25 and a 1-year high of $64.16. The firm’s 50 day simple moving average is $43.64 and its two-hundred day simple moving average is $48.27. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.97 billion, a PE ratio of 26.15 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last released its earnings results 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. The company 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%. HF Sinclair’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.06 earnings per share. As a group, equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio is 123.46%.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is owned by company insiders.

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.