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

DRW Securities LLC raised its stake in HF Sinclair Co. (NYSE:DINO) by 27.0% during the third quarter, HoldingsChannel.com reports. The fund owned 57,161 shares of the company’s stock after purchasing an additional 12,161 shares during the quarter. DRW Securities LLC’s holdings in HF Sinclair were worth $2,548,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in shares of HF Sinclair in the 1st quarter worth about $1,146,000. Bayesian Capital Management LP purchased a new position in shares of HF Sinclair in the 1st quarter worth approximately $785,000. Neo Ivy Capital Management purchased a new position in shares of HF Sinclair in the 2nd quarter worth approximately $806,000. Janus Henderson Group PLC increased its position in shares of 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, Aigen Investment Management LP purchased a new stake in HF Sinclair during the 3rd quarter valued at $1,253,000. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DINO shares. Barclays cut their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Piper Sandler reduced their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Mizuho reduced their price target on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.27.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

HF Sinclair Trading Up 0.8 %

HF Sinclair stock opened at $42.37 on Monday. HF Sinclair Co. has a one year low of $38.25 and a one year high of $64.16. The stock has a market cap of $7.97 billion, a PE ratio of 26.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a 50-day moving average of $43.64 and a two-hundred day moving average of $48.27.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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 EPS. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. On average, research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio is presently 123.46%.

About HF Sinclair

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.