Proficio Capital Partners LLC Buys New Position in HF Sinclair Co. (NYSE:DINO)

Proficio Capital Partners LLC bought a new stake in HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,378 shares of the company’s stock, valued at approximately $819,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co grew its position in HF Sinclair by 118.1% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 289,987 shares of the company’s stock valued at $10,164,000 after buying an additional 157,001 shares in the last quarter. IFP Advisors Inc boosted its position in shares of HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after purchasing an additional 417 shares in the last quarter. RWC Asset Management LLP bought a new position in shares of HF Sinclair during the 4th quarter valued at about $332,000. South Dakota Investment Council boosted its position in shares of HF Sinclair by 26.9% during the 4th quarter. South Dakota Investment Council now owns 251,148 shares of the company’s stock valued at $8,803,000 after purchasing an additional 53,188 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its position in shares of HF Sinclair by 32.1% during the 4th quarter. Legacy Capital Group California Inc. now owns 23,411 shares of the company’s stock valued at $821,000 after purchasing an additional 5,690 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DINO. TD Cowen reduced their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Barclays reduced their price objective on shares of 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. JPMorgan Chase & Co. reduced their price objective 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 shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $49.00 target price on shares of HF Sinclair in a report on Friday. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair Price Performance

NYSE DINO opened at $32.19 on Friday. The company has a 50 day simple moving average of $35.85 and a 200-day simple moving average of $40.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13. HF Sinclair Co. has a 52-week low of $29.85 and a 52-week high of $64.16.

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

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is 243.90%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased 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 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 17,635 shares of company stock valued at $632,860 over the last three months. 0.28% of the stock is owned by corporate insiders.

HF Sinclair 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.