UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in HF Sinclair Co. (NYSE:DINO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 21.6% during the third quarter, Holdings Channel reports. The firm owned 861,710 shares of the company’s stock after acquiring an additional 153,148 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HF Sinclair were worth $38,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its stake in HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after acquiring an additional 626,755 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after purchasing an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of HF Sinclair by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after purchasing an additional 165,313 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 54.9% during 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 in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of HF Sinclair by 11.7% in the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after purchasing an additional 175,925 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DINO. Wells Fargo & Company reduced their target price 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. Mizuho decreased their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. UBS Group cut their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Piper Sandler decreased their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Finally, Morgan Stanley cut their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.27.

HF Sinclair Stock Down 2.7 %

DINO stock opened at $40.47 on Wednesday. HF Sinclair Co. has a 12 month low of $38.25 and a 12 month high of $64.16. 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 company has a market cap of $7.61 billion, a price-to-earnings ratio of 24.98 and a beta of 1.20. The company has a fifty day moving average price of $42.97 and a 200 day moving average price of $47.49.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the prior year, the company earned $4.06 earnings per share. The business’s revenue was down 19.1% compared to the same quarter last year. Sell-side analysts expect that HF Sinclair Co. will post 2.35 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.94%. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

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.