HF Sinclair Co. (NYSE:DINO) Shares Purchased by nVerses Capital LLC

nVerses Capital LLC increased its position in shares of HF Sinclair Co. (NYSE:DINO) by 65.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,900 shares of the company’s stock after purchasing an additional 5,500 shares during the period. nVerses Capital LLC’s holdings in HF Sinclair were worth $620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in HF Sinclair during the first quarter worth about $26,000. Riverview Trust Co acquired a new stake in HF Sinclair during the first quarter worth about $31,000. Matrix Trust Co increased its position in HF Sinclair by 122.4% during 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. Innealta Capital LLC acquired a new stake in HF Sinclair during the second quarter worth about $34,000. Finally, Massmutual Trust Co. FSB ADV increased 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 worth $37,000 after purchasing an additional 370 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO opened at $44.33 on Friday. HF Sinclair Co. has a fifty-two week low of $43.17 and a fifty-two week high of $64.16. The firm’s 50 day moving average price is $46.30 and its 200 day moving average price is $51.36. The company has a market cap of $8.52 billion, a P/E ratio of 5.49 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the prior year, the firm earned $2.60 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts forecast that HF Sinclair Co. will post 2.65 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.51%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Analyst Ratings Changes

DINO has been the subject of several recent analyst reports. Wolfe Research began coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company dropped their price target on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. UBS Group dropped their price target on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Mizuho dropped their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus price target of $55.82.

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.