Nomura Asset Management Co. Ltd. Purchases 1,838 Shares of HF Sinclair Co. (NYSE:DINO)

Nomura Asset Management Co. Ltd. lifted its position in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,595 shares of the company’s stock after acquiring an additional 1,838 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in HF Sinclair were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bornite Capital Management LP acquired a new position in HF Sinclair during the first quarter worth about $13,947,000. Advisor Group Holdings Inc. acquired a new position in HF Sinclair during the 1st quarter worth approximately $241,000. JPMorgan Chase & Co. bought a new position in HF Sinclair in the 1st quarter valued at approximately $13,169,000. Raymond James Financial Services Advisors Inc. bought a new position in HF Sinclair in the 1st quarter valued at approximately $1,823,000. Finally, US Bancorp DE acquired a new stake in HF Sinclair in the first quarter valued at approximately $292,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DINO. UBS Group upped their price target on shares of HF Sinclair from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, December 4th. Wells Fargo & Company cut their price target on HF Sinclair from $68.00 to $67.00 in a research note on Monday, October 9th. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $62.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, October 5th. Morgan Stanley cut their target price on shares of HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th. Finally, Mizuho decreased their price target on shares of HF Sinclair from $72.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, October 6th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus target price of $62.80.

Get Our Latest Research Report on DINO

Insider Buying and Selling

In other HF Sinclair news, Director James H. Lee sold 2,643 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $52.30, for a total value of $138,228.90. Following the transaction, the director now directly owns 65,919 shares of the company’s stock, valued at $3,447,563.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Vaishali S. Bhatia sold 18,465 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $54.24, for a total value of $1,001,541.60. Following the completion of the sale, the executive vice president now directly owns 51,924 shares in the company, valued at approximately $2,816,357.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James H. Lee sold 2,643 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $52.30, for a total value of $138,228.90. Following the transaction, the director now directly owns 65,919 shares in the company, valued at $3,447,563.70. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

HF Sinclair Stock Up 2.4 %

Shares of NYSE DINO opened at $56.98 on Wednesday. The company’s 50 day moving average price is $54.40 and its 200-day moving average price is $54.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.23 and a current ratio of 2.13. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $62.20. The company has a market capitalization of $10.24 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28.

HF Sinclair (NYSE:DINOGet Free Report) last released its earnings results on Thursday, November 2nd. The company reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.41. HF Sinclair had a net margin of 6.73% and a return on equity of 21.92%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.18 billion. Equities analysts forecast that HF Sinclair Co. will post 9.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Thursday, November 16th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.80 annualized dividend and a yield of 3.16%. HF Sinclair’s dividend payout ratio is currently 15.57%.

HF Sinclair Company Profile

(Free Report)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

Further Reading

Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Co. (NYSE:DINOFree Report).

Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.