Merit Financial Group LLC Makes New $263,000 Investment in HF Sinclair Co. (NYSE:DINO)

Merit Financial Group LLC purchased a new position in shares of HF Sinclair Co. (NYSE:DINO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,515 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Advisors Wealth Management LLC lifted its holdings in HF Sinclair by 19.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 8,560 shares of the company’s stock worth $300,000 after acquiring an additional 1,381 shares in the last quarter. Gateway Investment Advisers LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at approximately $222,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in HF Sinclair by 1,001.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,705 shares of the company’s stock worth $165,000 after purchasing an additional 4,278 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in HF Sinclair during the 4th quarter worth approximately $175,000. Finally, Adams Asset Advisors LLC lifted its stake in HF Sinclair by 30.5% in the fourth quarter. Adams Asset Advisors LLC now owns 252,356 shares of the company’s stock valued at $8,845,000 after buying an additional 58,981 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho dropped their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. BMO Capital Markets dropped their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Barclays reduced their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Scotiabank reduced their price target 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.00.

HF Sinclair Price Performance

NYSE:DINO opened at $35.81 on Friday. The stock has a market capitalization of $6.74 billion, a PE ratio of 22.10 and a beta of 1.22. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16. The firm has a fifty day simple moving average of $37.41 and a 200 day simple moving average of $42.92. 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 (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.06 EPS. On average, research analysts expect that HF Sinclair Co. will post 1.34 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.59%. HF Sinclair’s dividend payout ratio is 123.46%.

Insider Activity

In related news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 17,000 shares of company stock valued at $628,370 over the last three months. Insiders own 0.28% of the company’s stock.

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.