Pacer Advisors Inc. Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Pacer Advisors Inc. lessened its holdings in HF Sinclair Co. (NYSE:DINO) by 23.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,445,642 shares of the company’s stock after selling 1,966,052 shares during the period. Pacer Advisors Inc.’s holdings in HF Sinclair were worth $225,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC boosted its position in shares of HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after acquiring an additional 226 shares during the last quarter. Matrix Trust Co lifted its stake in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of HF Sinclair by 10.1% during the third quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock valued at $191,000 after purchasing an additional 392 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DINO. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $53.00 to $45.00 in a research note on Monday, December 9th. UBS Group lowered their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Scotiabank decreased their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Barclays dropped their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.00.

HF Sinclair Stock Down 2.8 %

Shares of NYSE DINO opened at $35.81 on Monday. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 22.10 and a beta of 1.22. The stock has a 50 day moving average price of $37.41 and a 200 day moving average price of $42.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.06 EPS. Sell-side analysts expect that HF Sinclair Co. will post 1.34 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Insider Activity

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,000 shares of company stock worth $628,370. 0.28% of the stock is currently 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.