Nisa Investment Advisors LLC Decreases Stake in HF Sinclair Co. (NYSE:DINO)

Nisa Investment Advisors LLC lessened its stake in shares of HF Sinclair Co. (NYSE:DINO) by 6.4% during the 4th quarter, Holdings Channel reports. The firm owned 139,175 shares of the company’s stock after selling 9,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in HF Sinclair were worth $4,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after purchasing an additional 626,755 shares during the period. Charles Schwab Investment Management Inc. raised its position in HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after buying an additional 165,313 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after acquiring an additional 175,925 shares during the period. FMR LLC boosted its holdings in shares of HF Sinclair by 13.8% in the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company’s stock valued at $52,023,000 after acquiring an additional 141,472 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of HF Sinclair by 11.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 987,750 shares of the company’s stock worth $44,024,000 after acquiring an additional 101,586 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

DINO opened at $35.81 on Friday. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 22.10 and a beta of 1.22. The firm’s fifty day simple moving average is $37.53 and its two-hundred day simple moving average is $43.01. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.06 EPS. Equities analysts anticipate that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on DINO shares. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho decreased their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, BMO Capital Markets dropped their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.00.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,000 shares of company stock valued at $628,370 in the last 90 days. 0.28% of the stock is owned by insiders.

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.