Virtu Financial LLC Invests $298,000 in HF Sinclair Co. (NYSE:DINO)

Virtu Financial LLC acquired a new position in shares of HF Sinclair Co. (NYSE:DINO) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 6,681 shares of the company’s stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DINO. Matrix Trust Co grew its holdings in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of HF Sinclair in the 3rd quarter worth $27,000. Innealta Capital LLC purchased a new position in HF Sinclair during the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV increased its position in HF Sinclair by 82.2% during the 3rd 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 in the last quarter. Finally, Millburn Ridgefield Corp purchased a new stake in HF Sinclair in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DINO shares. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Scotiabank lowered their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their target price 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. Finally, Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, HF Sinclair has an average rating of “Hold” and an average price target of $53.00.

HF Sinclair Stock Performance

Shares of DINO stock opened at $35.60 on Tuesday. The stock has a market cap of $6.70 billion, a PE ratio of 21.98 and a beta of 1.20. HF Sinclair Co. has a 52-week low of $35.47 and a 52-week high of $64.16. The business has a 50-day simple moving average of $41.69 and a 200-day simple moving average of $46.40. 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 announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.06 earnings per share. On average, equities analysts expect that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.62%. HF Sinclair’s dividend payout ratio is presently 123.46%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

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.