HF Sinclair Co. (NYSE:DINO) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in HF Sinclair Co. (NYSE:DINO) by 13.5% during the third quarter, HoldingsChannel.com reports. The firm owned 27,054 shares of the company’s stock after selling 4,221 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in HF Sinclair were worth $1,206,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DINO. Pacer Advisors Inc. boosted its holdings in HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the period. AQR Capital Management LLC boosted its holdings in shares of HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after buying an additional 997,629 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in shares of HF Sinclair during the 2nd quarter valued at about $33,177,000. Squarepoint Ops LLC raised its stake in HF Sinclair by 90.2% during the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock worth $45,315,000 after acquiring an additional 402,793 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after acquiring an additional 399,988 shares during the period. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DINO. Piper Sandler cut their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Scotiabank cut 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 their price target on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. 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 report on Friday, October 4th. Finally, Mizuho reduced their target price 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.27.

HF Sinclair Stock Performance

Shares of DINO opened at $39.54 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 firm’s 50 day moving average is $42.75 and its 200-day moving average is $47.38. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16. The stock has a market capitalization of $7.44 billion, a P/E ratio of 24.41 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results 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. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the previous year, the business posted $4.06 earnings per share. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair Co. will post 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by company insiders.

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.