Hi Line Capital Management LLC Sells 1,043 Shares of HF Sinclair Co. (NYSE:DINO)

Hi Line Capital Management LLC lowered its stake in HF Sinclair Co. (NYSE:DINO) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,732 shares of the company’s stock after selling 1,043 shares during the quarter. HF Sinclair comprises 0.4% of Hi Line Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Hi Line Capital Management LLC’s holdings in HF Sinclair were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Matrix Trust Co raised its stake in HF Sinclair by 122.4% during 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 period. Innealta Capital LLC purchased a new position in HF Sinclair during the 2nd quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV grew its holdings in HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares in the last quarter. Bessemer Group Inc. grew its holdings in HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after buying an additional 782 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in HF Sinclair by 15,200.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock valued at $73,000 after buying an additional 1,368 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays cut their price target on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Mizuho dropped their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company dropped their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Morgan Stanley dropped their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.82.

HF Sinclair Trading Down 5.4 %

Shares of NYSE DINO opened at $38.61 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $45.29 and a two-hundred day simple moving average of $50.02. The firm has a market cap of $7.37 billion, a PE ratio of 6.18 and a beta of 1.16. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.06 EPS. Analysts expect that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared 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. This represents a $2.00 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s payout ratio is 32.00%.

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.