AustralianSuper Pty Ltd Increases Stake in HF Sinclair Co. (NYSE:DINO)

AustralianSuper Pty Ltd grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,678,196 shares of the company’s stock after purchasing an additional 175,925 shares during the quarter. AustralianSuper Pty Ltd’s holdings in HF Sinclair were worth $74,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Matrix Trust Co boosted its position 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 buying an additional 317 shares during the period. Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV grew its stake in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the last quarter. Bessemer Group Inc. increased its holdings in HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after purchasing an additional 782 shares during the period. Finally, Abich Financial Wealth Management LLC raised its position in HF Sinclair by 15,200.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock valued at $73,000 after purchasing an additional 1,368 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DINO. Piper Sandler cut their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. UBS Group decreased their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company reduced their price target on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Finally, BMO Capital Markets lowered their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $55.82.

HF Sinclair Stock Down 4.0 %

Shares of HF Sinclair stock traded down $1.63 during midday trading on Thursday, hitting $39.19. The company had a trading volume of 1,884,450 shares, compared to its average volume of 2,018,673. HF Sinclair Co. has a 52-week low of $38.65 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The stock has a market capitalization of $7.48 billion, a P/E ratio of 6.53 and a beta of 1.16. The company has a 50 day moving average of $45.46 and a 200 day moving average of $50.10.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 earnings per share. On average, equities analysts predict that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

HF Sinclair Company 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.