Citigroup Inc. Increases Holdings in HF Sinclair Co. (NYSE:DINO)

Citigroup Inc. lifted its holdings in HF Sinclair Co. (NYSE:DINO) by 25.1% in the third quarter, Holdings Channel reports. The fund owned 200,882 shares of the company’s stock after purchasing an additional 40,341 shares during the quarter. Citigroup Inc.’s holdings in HF Sinclair were worth $8,953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Matrix Trust Co lifted its stake in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in HF Sinclair during the 3rd quarter valued at $27,000. Innealta Capital LLC bought a new stake in HF Sinclair in the second quarter worth $34,000. Massmutual Trust Co. FSB ADV boosted its stake in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares during the period. Finally, Coastline Trust Co bought a new position in HF Sinclair during the third quarter valued at $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DINO. Scotiabank lowered their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. BMO Capital Markets cut their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Mizuho decreased their price target on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler cut their price objective 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.27.

Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the purchase, the director now directly 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by company insiders.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $40.97 on Friday. HF Sinclair Co. has a one year low of $38.25 and a one year high of $64.16. The company has a market capitalization of $7.71 billion, a PE ratio of 25.29 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a 50-day simple moving average of $43.14 and a two-hundred day simple moving average of $47.86.

HF Sinclair (NYSE:DINO) last posted 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. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 earnings per share. Research analysts expect that HF Sinclair Co. will post 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.88%. HF Sinclair’s payout ratio is 123.46%.

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.