HF Sinclair Co. (NYSE:DINO) Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,022 shares of the company’s stock after purchasing an additional 5,594 shares during the quarter. Mutual Advisors LLC’s holdings in HF Sinclair were worth $1,360,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Matrix Trust Co raised its position in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of HF Sinclair during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair during the fourth quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV lifted its position in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Down 2.8 %

NYSE:DINO opened at $35.81 on Friday. The business’s fifty day moving average price is $37.41 and its 200 day moving average price is $42.92. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 22.10 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.06 EPS. On average, sell-side analysts forecast that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DINO. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. BMO Capital Markets reduced their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. dropped their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. UBS Group decreased their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and a consensus price target of $51.00.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the acquisition, the chief financial officer now directly owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 17,000 shares of company stock worth $628,370 in the last ninety days. Corporate insiders own 0.28% of the company’s stock.

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.