Sanctuary Advisors LLC Sells 41,738 Shares of HF Sinclair Co. (NYSE:DINO)

Sanctuary Advisors LLC reduced its stake in shares of HF Sinclair Co. (NYSE:DINO) by 70.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,224 shares of the company’s stock after selling 41,738 shares during the quarter. Sanctuary Advisors LLC’s holdings in HF Sinclair were worth $625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DINO. Pacer Advisors Inc. grew its stake in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after buying an additional 626,755 shares during the last quarter. Cambiar Investors LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at about $7,751,000. Charles Schwab Investment Management Inc. grew its stake in shares of HF Sinclair by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock valued at $218,163,000 after buying an additional 165,313 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of HF Sinclair by 21.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company’s stock valued at $38,406,000 after buying an additional 153,148 shares during the last quarter. Finally, FMR LLC grew its stake in shares of HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock valued at $52,023,000 after buying an additional 141,472 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at $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. Over the last ninety days, insiders acquired 17,000 shares of company stock worth $612,870. Insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho reduced their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Barclays cut their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.00.

HF Sinclair Stock Performance

Shares of DINO opened at $35.25 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16. The company has a 50-day simple moving average of $36.08 and a two-hundred day simple moving average of $40.91. The firm has a market capitalization of $6.64 billion, a PE ratio of 42.99 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. On average, analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 5.67%. HF Sinclair’s payout ratio is 243.90%.

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.