HF Sinclair Co. (NYSE:DINO) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its stake in shares of HF Sinclair Co. (NYSE:DINO) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,219 shares of the company’s stock after selling 810 shares during the quarter. US Bancorp DE’s holdings in HF Sinclair were worth $393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DINO. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after acquiring an additional 390 shares during the period. IFP Advisors Inc grew its holdings in shares of HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock worth $58,000 after acquiring an additional 417 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 558 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair during the 4th quarter valued at $27,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

DINO opened at $31.17 on Thursday. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The business has a 50 day moving average price of $35.64 and a two-hundred day moving average price of $39.95. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 38.01 and a beta of 1.13. 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 (NYSE:DINO) last announced 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 firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 10,635 shares of company stock valued at $367,140. 0.28% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Piper Sandler set a $46.00 price target on HF Sinclair in a research note on Friday, March 7th. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Mizuho lowered their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays decreased 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, Wells Fargo & Company cut shares of 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 report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.73.

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.