Adams Asset Advisors LLC raised its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,356 shares of the company's stock after buying an additional 58,981 shares during the period. HF Sinclair comprises 1.1% of Adams Asset Advisors LLC's portfolio, making the stock its 27th largest holding. Adams Asset Advisors LLC owned 0.13% of HF Sinclair worth $8,845,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock valued at $415,249,000 after buying an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC grew its stake in HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock valued at $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Squarepoint Ops LLC increased its holdings in HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock valued at $45,315,000 after acquiring an additional 402,793 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock worth $306,665,000 after purchasing an additional 399,988 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock valued at $74,797,000 after purchasing an additional 175,925 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.
Shares of NYSE DINO traded up $1.14 during trading on Monday, hitting $37.02. The company had a trading volume of 2,288,996 shares, compared to its average volume of 2,268,355. HF Sinclair Co. has a fifty-two week low of $33.47 and a fifty-two week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $38.44 and a two-hundred day simple moving average of $43.91. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 22.85 and a beta of 1.22.
HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the firm posted $4.06 EPS. The firm's revenue for the quarter was down 19.1% on a year-over-year basis. On average, research analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's dividend payout ratio (DPR) is presently 123.46%.
Several brokerages have recently weighed in on DINO. Scotiabank reduced their price target on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. BMO Capital Markets dropped their target price on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Mizuho reduced their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Barclays decreased their price objective on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Morgan Stanley cut their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $51.00.
Check Out Our Latest Research Report on HF Sinclair
In related news, CFO Atanas H. Atanasov bought 7,000 shares of HF Sinclair stock in a transaction that occurred on 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 purchase, the chief financial officer now owns 71,927 shares in the company, valued at $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 SEC, which is available through this link. Also, Director Franklin Myers bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 17,000 shares of company stock valued at $628,370. 0.28% of the stock is currently owned by insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider HF Sinclair, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HF Sinclair wasn't on the list.
While HF Sinclair currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.