Hancock Whitney Corp Acquires 993 Shares of HF Sinclair Co. (NYSE:DINO)

Hancock Whitney Corp raised its position in shares of HF Sinclair Co. (NYSE:DINO) by 8.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,666 shares of the company’s stock after purchasing an additional 993 shares during the period. Hancock Whitney Corp’s holdings in HF Sinclair were worth $565,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC grew its position in shares of HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after purchasing an additional 226 shares in the last quarter. Empirical Finance LLC boosted its position in HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after buying an additional 228 shares during the period. Fifth Third Bancorp increased its holdings in HF Sinclair by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after purchasing an additional 267 shares during the period. Matrix Trust Co raised its holdings in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of HF Sinclair by 7.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock valued at $260,000 after purchasing an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

NYSE DINO opened at $41.79 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The stock’s fifty day moving average is $43.48 and its two-hundred day moving average is $48.06. The firm has a market capitalization of $7.86 billion, a P/E ratio of 25.80 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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 company posted $4.06 EPS. The company’s quarterly revenue was down 19.1% on a year-over-year basis. On average, research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.79%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets dropped their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Scotiabank cut their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group reduced their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, Piper Sandler reduced their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.27.

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.