28,110 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in shares of HF Sinclair Co. (NYSE:DINO) during the third quarter, Holdings Channel reports. The firm purchased 28,110 shares of the company’s stock, valued at approximately $1,253,000.

A number of other large investors have also added to or reduced their stakes in the stock. Matrix Trust Co lifted its stake in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in HF Sinclair during the third quarter worth $27,000. Innealta Capital LLC bought a new stake in HF Sinclair during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV lifted its stake in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in HF Sinclair by 201.0% during the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after purchasing an additional 782 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.1 %

NYSE DINO traded up $0.06 on Tuesday, reaching $42.49. The company had a trading volume of 210,083 shares, compared to its average volume of 2,028,372. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 26.19 and a beta of 1.18. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The business has a 50 day moving average of $44.25 and a two-hundred day moving average of $49.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last posted 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 the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.06 earnings per share. Analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.71%. HF Sinclair’s payout ratio is currently 123.46%.

Wall Street Analyst Weigh In

DINO has been the subject of several recent analyst reports. Barclays cut their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday. Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Morgan Stanley dropped their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. BMO Capital Markets dropped their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, Wells Fargo & Company dropped their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.27.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

HF Sinclair Company 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.