Manning & Napier Advisors LLC Sells 19,118 Shares of HF Sinclair Co. (NYSE:DINO)

Manning & Napier Advisors LLC cut its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 37.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,287 shares of the company’s stock after selling 19,118 shares during the quarter. Manning & Napier Advisors LLC’s holdings in HF Sinclair were worth $1,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after purchasing an additional 626,755 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of HF Sinclair by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after purchasing an additional 165,313 shares during the last quarter. AustralianSuper Pty Ltd increased 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 worth $74,797,000 after purchasing an additional 175,925 shares during the last quarter. FMR LLC grew its position in HF Sinclair by 13.8% in the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after acquiring an additional 141,472 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in HF Sinclair by 11.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 987,750 shares of the company’s stock worth $44,024,000 after acquiring an additional 101,586 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO opened at $36.24 on Friday. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16. 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 firm has a market capitalization of $6.82 billion, a PE ratio of 22.37 and a beta of 1.22. The company’s fifty day moving average price is $37.05 and its 200-day moving average price is $42.64.

HF Sinclair (NYSE:DINO) last posted its 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. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the prior year, the company posted $4.06 EPS. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. On average, equities research analysts predict that HF Sinclair Co. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DINO. UBS Group dropped 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. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank dropped their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair 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.