Boston Partners trimmed its holdings in shares of HF Sinclair Co. (NYSE:DINO – Free Report) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,431 shares of the company’s stock after selling 8,766 shares during the period. Boston Partners owned approximately 0.09% of HF Sinclair worth $7,340,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of DINO. Vanguard Group Inc. lifted its holdings in shares of HF Sinclair by 4.0% in the third quarter. Vanguard Group Inc. now owns 14,799,193 shares of the company’s stock valued at $796,789,000 after buying an additional 571,178 shares during the period. BlackRock Inc. bought a new position in shares of HF Sinclair during the 1st quarter valued at about $539,533,000. State Street Corp acquired a new position in shares of HF Sinclair in the 1st quarter worth approximately $308,240,000. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,155,341 shares of the company’s stock worth $229,976,000 after purchasing an additional 126,016 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in HF Sinclair by 12.3% during the second quarter. Pacer Advisors Inc. now owns 4,378,928 shares of the company’s stock valued at $195,344,000 after purchasing an additional 480,061 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $62.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, October 5th. Mizuho reduced their target price on HF Sinclair from $72.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, October 6th. Bank of America lifted their price target on HF Sinclair from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, September 18th. Piper Sandler reduced their price objective on shares of HF Sinclair from $73.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 9th. Finally, Morgan Stanley dropped 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.55.
Insider Activity at HF Sinclair
In other HF Sinclair news, EVP Valerie Pompa sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $56.89, for a total transaction of $284,450.00. Following the completion of the transaction, the executive vice president now owns 20,217 shares of the company’s stock, valued at approximately $1,150,145.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by company insiders.
HF Sinclair Stock Performance
DINO stock opened at $54.24 on Tuesday. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 4.69, a P/E/G ratio of 0.61 and a beta of 1.38. The firm has a 50 day moving average of $55.70 and a two-hundred day moving average of $51.01. The company has a quick ratio of 1.23, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $66.19.
HF Sinclair Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.80 annualized dividend and a dividend yield of 3.32%. HF Sinclair’s dividend payout ratio (DPR) is presently 15.57%.
HF Sinclair Company Profile
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.
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