Dynamic Technology Lab Private Ltd Cuts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Dynamic Technology Lab Private Ltd reduced its stake in HF Sinclair Co. (NYSE:DINO) by 33.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,260 shares of the company’s stock after selling 10,768 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in HF Sinclair were worth $948,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DINO. Matrix Trust Co raised its holdings in shares of 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 during the last quarter. Capital Performance Advisors LLP purchased a new stake in HF Sinclair in the 3rd quarter valued at about $27,000. Innealta Capital LLC bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares during the last quarter. Finally, Coastline Trust Co bought a new position in shares of HF Sinclair in the third quarter valued at approximately $55,000. 88.29% of the stock is currently owned by institutional investors.

Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DINO shares. Mizuho dropped 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. Wells Fargo & Company cut their price target on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. UBS Group decreased their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Finally, Barclays decreased their price target 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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus price target of $54.27.

HF Sinclair Stock Down 1.9 %

DINO opened at $40.98 on Thursday. The company has a 50 day moving average of $43.37 and a 200 day moving average of $48.01. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $38.25 and a 12 month high of $64.16. The company has a market cap of $7.71 billion, a PE ratio of 25.30 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results 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 company had revenue of $7.21 billion during 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%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.06 earnings per share. On average, sell-side analysts expect that HF Sinclair Co. will post 2.35 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared 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 4.88%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

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.