Raymond James Financial Inc. Takes $8.83 Million Position in HF Sinclair Co. (NYSE:DINO)

Raymond James Financial Inc. bought a new stake in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 251,929 shares of the company’s stock, valued at approximately $8,830,000. Raymond James Financial Inc. owned about 0.13% of HF Sinclair as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. 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. lifted 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 valued at $2,253,000 after purchasing an additional 390 shares during the last quarter. IFP Advisors Inc lifted 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 valued at $58,000 after purchasing an additional 417 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of HF Sinclair by 1.4% in the 4th quarter. Arizona State Retirement System now owns 47,109 shares of the company’s stock valued at $1,651,000 after purchasing an additional 643 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DINO shares. JPMorgan Chase & Co. reduced their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Barclays reduced their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Morgan Stanley reduced their price objective on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Finally, Wells Fargo & Company upped their price objective on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.00.

HF Sinclair Stock Performance

NYSE DINO opened at $33.54 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $35.38 and its two-hundred day moving average is $39.28. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13.

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 return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling

In other news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.28% of the company’s stock.

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.