KBC Group NV Decreases Position in HF Sinclair Co. (NYSE:DINO)

KBC Group NV trimmed its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 50.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,967 shares of the company’s stock after selling 258,337 shares during the period. KBC Group NV owned about 0.14% of HF Sinclair worth $11,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Advisors LLC purchased a new position in shares of HF Sinclair in the first quarter worth $1,146,000. Bayesian Capital Management LP bought a new position in shares of HF Sinclair during the first quarter valued at about $785,000. Neo Ivy Capital Management bought a new stake in shares of HF Sinclair in the second quarter worth about $806,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in HF Sinclair by 22.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company’s stock valued at $13,209,000 after purchasing an additional 40,357 shares during the period. Finally, Janus Henderson Group PLC raised its position in HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Down 0.7 %

NYSE DINO opened at $42.18 on Friday. The stock’s fifty day moving average price is $43.91 and its 200-day moving average price is $48.75. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $7.94 billion, a P/E ratio of 26.04 and a beta of 1.18. HF Sinclair Co. has a 12 month low of $38.25 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last released 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. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. During the same period last year, the business earned $4.06 EPS. As a group, equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.74%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Barclays decreased their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Mizuho reduced their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.27.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

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.