Tidal Investments LLC Sells 24,868 Shares of HF Sinclair Co. (NYSE:DINO)

Tidal Investments LLC reduced its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 43.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,976 shares of the company’s stock after selling 24,868 shares during the quarter. Tidal Investments LLC’s holdings in HF Sinclair were worth $1,425,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Aigen Investment Management LP bought a new position in HF Sinclair during the third quarter worth $1,253,000. Point72 Hong Kong Ltd acquired a new stake in shares of HF Sinclair during the 2nd quarter worth about $723,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of HF Sinclair during the 3rd quarter worth about $5,927,000. Thompson Siegel & Walmsley LLC grew its stake in HF Sinclair by 4.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock valued at $47,268,000 after buying an additional 41,456 shares during the last quarter. Finally, River Road Asset Management LLC raised its holdings in HF Sinclair by 3.4% in the 3rd quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock valued at $34,312,000 after acquiring an additional 25,041 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

DINO stock opened at $34.70 on Thursday. The company’s 50-day moving average price is $41.31 and its two-hundred day moving average price is $46.18. The firm has a market cap of $6.53 billion, a P/E ratio of 21.42 and a beta of 1.20. 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 Co. has a 12 month low of $34.58 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating 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 business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the business earned $4.06 earnings per share. The company’s revenue was down 19.1% on a year-over-year basis. On average, analysts anticipate that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed 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 dividend yield of 5.76%. HF Sinclair’s dividend payout ratio is currently 123.46%.

Analysts Set New Price Targets

Several research firms have recently commented on DINO. Piper Sandler decreased their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Morgan Stanley dropped their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Barclays decreased their price target on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, UBS Group dropped their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.45.

Insider Buying and Selling

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