John G Ullman & Associates Inc. Acquires 1,500 Shares of HF Sinclair Co. (NYSE:DINO)

John G Ullman & Associates Inc. increased its holdings in HF Sinclair Co. (NYSE:DINO) by 33.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,000 shares of the company’s stock after purchasing an additional 1,500 shares during the period. John G Ullman & Associates Inc.’s holdings in HF Sinclair were worth $267,000 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 business. Pacer Advisors Inc. raised its holdings in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after buying an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock worth $40,168,000 after purchasing an additional 660,978 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at about $33,177,000. Finally, Squarepoint Ops LLC raised its holdings in HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock worth $45,315,000 after purchasing an additional 402,793 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Trading Up 0.7 %

NYSE:DINO opened at $42.12 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market cap of $7.92 billion, a PE ratio of 26.00 and a beta of 1.18. The stock’s 50-day moving average is $43.70 and its two-hundred day moving average is $48.47. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business 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%. HF Sinclair’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 EPS. As a group, equities research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio is 123.46%.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. BMO Capital Markets reduced their price target 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. JPMorgan Chase & Co. dropped 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 note on Wednesday, October 2nd. Mizuho reduced their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, Barclays dropped their target price on 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.27.

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.