Sanctuary Advisors LLC Has $2.50 Million Holdings in HF Sinclair Co. (NYSE:DINO)

Sanctuary Advisors LLC reduced its stake in shares of HF Sinclair Co. (NYSE:DINO) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,962 shares of the company’s stock after selling 2,504 shares during the quarter. Sanctuary Advisors LLC’s holdings in HF Sinclair were worth $2,498,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC raised its stake in HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after purchasing an additional 226 shares during the last quarter. Empirical Finance LLC raised its stake in HF Sinclair by 1.2% during the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after purchasing an additional 228 shares during the last quarter. Fifth Third Bancorp raised its stake in HF Sinclair by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 shares during the last quarter. Matrix Trust Co raised its stake in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in HF Sinclair by 7.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock valued at $260,000 after buying an additional 342 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DINO shares. Scotiabank dropped their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Barclays dropped their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. BMO Capital Markets dropped their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Morgan Stanley dropped their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.00.

HF Sinclair Trading Up 0.4 %

DINO opened at $35.76 on Wednesday. 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 stock has a market capitalization of $6.73 billion, a PE ratio of 22.07 and a beta of 1.20. HF Sinclair Co. has a 1-year low of $35.31 and a 1-year high of $64.16. The firm has a 50-day moving average price of $41.51 and a two-hundred day moving average price of $46.26.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data 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 firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.06 EPS. As a group, equities analysts anticipate that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio is presently 123.46%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov bought 7,000 shares of HF Sinclair stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the purchase, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company’s stock.

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.