Transamerica Financial Advisors Inc. Invests $59,000 in HF Sinclair Co. (NYSE:DINO)

Transamerica Financial Advisors Inc. acquired a new position in shares of HF Sinclair Co. (NYSE:DINO) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,304 shares of the company’s stock, valued at approximately $59,000.

Several other large investors have also recently bought and sold shares of DINO. Price T Rowe Associates Inc. MD increased its holdings in HF Sinclair by 10.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,115 shares of the company’s stock valued at $4,958,000 after buying an additional 7,881 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in HF Sinclair by 2.8% in the first quarter. Public Employees Retirement System of Ohio now owns 104,670 shares of the company’s stock valued at $6,319,000 after buying an additional 2,862 shares during the last quarter. Janus Henderson Group PLC increased its holdings in HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after buying an additional 660,978 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in HF Sinclair by 25.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 23,529 shares of the company’s stock valued at $1,340,000 after buying an additional 4,815 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in HF Sinclair by 6.4% in the first quarter. California State Teachers Retirement System now owns 320,134 shares of the company’s stock valued at $19,326,000 after buying an additional 19,192 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was bought 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 owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Price Performance

Shares of DINO opened at $40.98 on Thursday. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 25.30 and a beta of 1.18. The firm has a 50-day simple moving average of $43.37 and a 200-day simple moving average of $48.01. 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 (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.06 earnings per share. On average, equities research analysts anticipate that HF Sinclair Co. will post 2.35 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 annualized dividend and a yield of 4.88%. HF Sinclair’s dividend payout ratio is currently 123.46%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DINO shares. BMO Capital Markets dropped their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Morgan Stanley decreased their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Mizuho decreased their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. 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 research note on Monday, November 11th. Finally, 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 note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.27.

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.