AGF Management Ltd. grew its holdings in HF Sinclair Co. (NYSE:DINO – Free Report) by 24.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,667 shares of the company’s stock after acquiring an additional 15,595 shares during the quarter. AGF Management Ltd.’s holdings in HF Sinclair were worth $3,599,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of DINO. Vanguard Group Inc. boosted its holdings in shares of HF Sinclair by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,799,193 shares of the company’s stock valued at $796,789,000 after acquiring an additional 571,178 shares during the last quarter. BlackRock Inc. acquired a new stake in HF Sinclair during the 1st quarter worth about $539,533,000. State Street Corp purchased a new position in shares of HF Sinclair during the 1st quarter valued at about $308,240,000. Pacer Advisors Inc. lifted its holdings in shares of HF Sinclair by 12.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,378,928 shares of the company’s stock valued at $195,344,000 after buying an additional 480,061 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of HF Sinclair in the 1st quarter valued at about $102,959,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on DINO. Mizuho lowered their price objective on HF Sinclair from $72.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, October 6th. BMO Capital Markets started coverage on shares of HF Sinclair in a research report on Thursday, October 5th. They set an “outperform” rating and a $65.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of HF Sinclair from $62.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, October 5th. Morgan Stanley reduced their price target on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. Finally, The Goldman Sachs Group increased their price target on HF Sinclair from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.55.
HF Sinclair Price Performance
Shares of NYSE DINO opened at $54.57 on Thursday. The firm has a 50-day simple moving average of $56.10 and a 200-day simple moving average of $50.69. The company has a quick ratio of 1.23, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 0.60 and a beta of 1.38. HF Sinclair Co. has a 52 week low of $37.12 and a 52 week high of $66.19.
HF Sinclair Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Thursday, November 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, November 15th. HF Sinclair’s dividend payout ratio (DPR) is 15.57%.
Insiders Place Their Bets
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 stock was sold at an average price of $56.89, for a total transaction of $284,450.00. Following the transaction, the executive vice president now owns 20,217 shares of the company’s stock, valued at $1,150,145.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.
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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