Jacobs Levy Equity Management Inc. Lowers Stock Position in HF Sinclair Co. (NYSE:DINO)

Jacobs Levy Equity Management Inc. lowered its position in HF Sinclair Co. (NYSE:DINO) by 16.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 435,427 shares of the company’s stock after selling 88,495 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.23% of HF Sinclair worth $19,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Matrix Trust Co raised its stake in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the third quarter worth approximately $27,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair during the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair during the third quarter worth approximately $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.8 %

Shares of DINO opened at $39.75 on Thursday. The company has a 50 day simple moving average of $42.86 and a two-hundred day simple moving average of $47.44. HF Sinclair Co. has a 1 year low of $38.25 and a 1 year high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a market cap of $7.48 billion, a P/E ratio of 24.54 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same period last year, the firm posted $4.06 earnings per share. HF Sinclair’s revenue for the quarter was down 19.1% compared to the same quarter last year. On average, equities analysts expect that HF Sinclair Co. will post 2.35 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DINO. JPMorgan Chase & Co. cut their price target on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Piper Sandler cut 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. BMO Capital Markets cut their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Mizuho dropped their target price on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, Barclays decreased their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.27.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by insiders.

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.