HF Sinclair Co. (NYSE:DINO) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd reduced its holdings in HF Sinclair Co. (NYSE:DINO) by 33.2% during the 4th quarter, Holdings Channel reports. The fund owned 795 shares of the company’s stock after selling 395 shares during the quarter. Altshuler Shaham Ltd’s holdings in HF Sinclair were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DINO. Cullen Frost Bankers Inc. boosted its stake in shares of HF Sinclair by 43.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 13,577 shares of the company’s stock worth $754,000 after acquiring an additional 4,134 shares in the last quarter. Centric Wealth Management boosted its position in shares of HF Sinclair by 9.9% in the fourth quarter. Centric Wealth Management now owns 30,196 shares of the company’s stock worth $1,746,000 after buying an additional 2,715 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of HF Sinclair by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,107,150 shares of the company’s stock worth $61,524,000 after buying an additional 86,050 shares during the period. Private Advisor Group LLC boosted its position in shares of HF Sinclair by 146.1% in the fourth quarter. Private Advisor Group LLC now owns 5,954 shares of the company’s stock worth $331,000 after buying an additional 18,866 shares during the period. Finally, Gallacher Capital Management LLC boosted its position in shares of HF Sinclair by 92.7% in the fourth quarter. Gallacher Capital Management LLC now owns 9,573 shares of the company’s stock worth $532,000 after buying an additional 4,604 shares during the period. 88.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded up $2.08 during midday trading on Wednesday, hitting $56.93. The company’s stock had a trading volume of 3,427,531 shares, compared to its average volume of 2,134,275. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 6.86 and a beta of 1.31. The stock’s 50 day simple moving average is $58.32 and its 200 day simple moving average is $56.36. HF Sinclair Co. has a fifty-two week low of $38.49 and a fifty-two week high of $64.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22.

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

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors 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 an increase from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Analyst Upgrades and Downgrades

DINO has been the subject of several recent analyst reports. TD Cowen raised their target price on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Mizuho decreased their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Scotiabank increased their price objective on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Finally, Wells Fargo & Company increased their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $65.42.

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.