HF Sinclair Co. (NYSE:DINO) Holdings Boosted by IFP Advisors Inc

IFP Advisors Inc grew its holdings in HF Sinclair Co. (NYSE:DINO) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,666 shares of the company’s stock after purchasing an additional 417 shares during the period. IFP Advisors Inc’s holdings in HF Sinclair were worth $58,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DINO. Capital Performance Advisors LLP purchased a new stake in HF Sinclair in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after purchasing an additional 558 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of HF Sinclair during the third quarter worth approximately $50,000. Finally, Coastline Trust Co purchased a new position in HF Sinclair during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,635 shares of company stock valued at $632,860. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho lowered their target price 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 price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, TD Cowen lowered their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven investment 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, the stock has a consensus rating of “Hold” and a consensus price target of $51.00.

HF Sinclair Stock Up 1.5 %

Shares of HF Sinclair stock opened at $31.57 on Friday. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $35.89 and a two-hundred day moving average price of $40.47. The stock has a market capitalization of $5.95 billion, a P/E ratio of 38.50 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data 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). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Equities analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.33%. HF Sinclair’s payout ratio is presently 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.