92,858 Shares in HF Sinclair Co. (NYSE:DINO) Bought by CX Institutional

CX Institutional purchased a new position in shares of HF Sinclair Co. (NYSE:DINO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 92,858 shares of the company’s stock, valued at approximately $4,139,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after acquiring an additional 696,031 shares during the period. Pacer Advisors Inc. lifted its position in 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 boosted its holdings in 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 during the last quarter. AQR Capital Management LLC grew its position 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 worth $147,873,000 after purchasing an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in shares of HF Sinclair by 15.3% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock valued at $80,131,000 after buying an additional 199,881 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $43.26 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. HF Sinclair Co. has a 1 year low of $43.17 and a 1 year high of $64.16. The firm has a market capitalization of $8.31 billion, a PE ratio of 5.35 and a beta of 1.16. The business’s 50 day moving average price is $46.39 and its 200-day moving average price is $51.46.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 earnings per share. As a group, equities research analysts expect that HF Sinclair Co. will post 2.65 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Wall Street Analyst Weigh In

Several research firms recently commented on DINO. Scotiabank dropped their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their target price 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. Barclays lowered their price target on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Finally, Argus raised shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and an average target price of $55.82.

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.