HF Sinclair Co. (NYSE:DINO) Shares Purchased by River Road Asset Management LLC

River Road Asset Management LLC grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 3.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 769,847 shares of the company’s stock after acquiring an additional 25,041 shares during the period. River Road Asset Management LLC owned about 0.40% of HF Sinclair worth $34,312,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Robeco Institutional Asset Management B.V. increased its position in shares of HF Sinclair by 42.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 274,805 shares of the company’s stock worth $12,248,000 after acquiring an additional 81,344 shares in the last quarter. Janney Montgomery Scott LLC grew its position in HF Sinclair by 9.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,088 shares of the company’s stock worth $1,653,000 after purchasing an additional 3,193 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in HF Sinclair by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 63,885 shares of the company’s stock valued at $2,847,000 after purchasing an additional 455 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of HF Sinclair by 11.7% in the third 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 in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of HF Sinclair in the third quarter worth $575,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Up 0.8 %

HF Sinclair stock opened at $39.01 on Tuesday. HF Sinclair Co. has a one year low of $38.25 and a one year high of $64.16. The company’s fifty day moving average price is $44.89 and its two-hundred day moving average price is $49.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.08 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS 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 business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior 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, analysts forecast that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Analyst Upgrades and Downgrades

DINO has been the subject of several research analyst reports. Mizuho reduced their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets reduced their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company lowered their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler cut their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Finally, Scotiabank lowered 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 report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $54.45.

Insider Buying and Selling

In other news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

About HF Sinclair

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.