Pacer Advisors Inc. Trims Position in HF Sinclair Co. (NYSE:DINO)

Pacer Advisors Inc. decreased its holdings in HF Sinclair Co. (NYSE:DINO) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,445,642 shares of the company’s stock after selling 1,966,052 shares during the quarter. Pacer Advisors Inc. owned about 3.43% of HF Sinclair worth $225,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Matrix Trust Co raised its position in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after acquiring an additional 317 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in HF Sinclair in the third quarter worth $27,000. Sugar Maple Asset Management LLC bought a new position in HF Sinclair in the fourth quarter worth $27,000. Massmutual Trust Co. FSB ADV lifted its position in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after buying an additional 558 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value 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. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 17,000 shares of company stock worth $628,370 in the last quarter. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of several research reports. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Mizuho decreased their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Stock Performance

Shares of DINO stock opened at $35.81 on Monday. The firm has a market capitalization of $6.74 billion, a PE ratio of 22.10 and a beta of 1.22. The company has a 50 day moving average price of $37.41 and a 200-day moving average price of $42.84. HF Sinclair Co. has a 52 week low of $33.47 and a 52 week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for 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%. The company’s revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.06 EPS. As a group, equities research analysts expect that HF Sinclair Co. will post 1.34 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio 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.