Buckhead Capital Management LLC Lowers Holdings in HF Sinclair Co. (NYSE:DINO)

Buckhead Capital Management LLC lowered its position in HF Sinclair Co. (NYSE:DINO) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,449 shares of the company’s stock after selling 372 shares during the period. Buckhead Capital Management LLC’s holdings in HF Sinclair were worth $2,970,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Coldstream Capital Management Inc. lifted its position in shares of HF Sinclair by 2.7% in the third quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company’s stock valued at $488,000 after acquiring an additional 223 shares in the last quarter. Blue Trust Inc. lifted its position in shares of HF Sinclair by 30.9% in the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after buying an additional 224 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of HF Sinclair by 2.9% in the third quarter. Resonant Capital Advisors LLC now owns 10,330 shares of the company’s stock worth $588,000 after buying an additional 292 shares in the last quarter. Aviance Capital Partners LLC lifted its position in shares of HF Sinclair by 1.9% in the third quarter. Aviance Capital Partners LLC now owns 17,000 shares of the company’s stock worth $968,000 after buying an additional 323 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in HF Sinclair by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 70,033 shares of the company’s stock worth $3,987,000 after acquiring an additional 345 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other HF Sinclair news, Director Franklin Myers acquired 4,180 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $58.94 per share, with a total value of $246,369.20. Following the purchase, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares in the company, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DINO. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. TD Cowen upped their target price on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Scotiabank upped their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the company from $62.00 to $78.00 in a report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.42.

HF Sinclair Trading Down 1.1 %

Shares of DINO stock traded down $0.62 during trading on Wednesday, hitting $53.63. 1,726,887 shares of the stock traded hands, compared to its average volume of 2,132,208. The firm has a market capitalization of $10.57 billion, a P/E ratio of 6.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. The firm’s fifty day moving average price is $58.71 and its 200-day moving average price is $56.43. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter last year, the firm earned $2.97 EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, research analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.73%. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

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.