Proficio Capital Partners LLC Takes $819,000 Position in HF Sinclair Co. (NYSE:DINO)

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

A number of other institutional investors have also modified their holdings of the business. Sugar Maple Asset Management LLC purchased a new stake in shares of HF Sinclair during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of HF Sinclair by 68.0% during the 4th 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 purchased a new stake in shares of HF Sinclair during the 3rd quarter worth $50,000. 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 worth $58,000 after purchasing an additional 417 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of HF Sinclair during the 3rd quarter worth $59,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Trading Down 1.0 %

NYSE DINO opened at $33.54 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 50-day moving average of $35.38 and a 200-day moving average of $39.23. 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 company has a market cap of $6.32 billion, a P/E ratio of 40.90 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. As a group, equities analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

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

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was acquired 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 of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DINO. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. TD Cowen cut 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. Wells Fargo & Company lifted their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Barclays cut their price target 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.00.

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.