Commonwealth Equity Services LLC Acquires 4,643 Shares of HF Sinclair Co. (NYSE:DINO)

Commonwealth Equity Services LLC increased its holdings in HF Sinclair Co. (NYSE:DINO) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,937 shares of the company’s stock after purchasing an additional 4,643 shares during the quarter. Commonwealth Equity Services LLC’s holdings in HF Sinclair were worth $1,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DINO. Sugar Maple Asset Management LLC bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after acquiring an additional 558 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in HF Sinclair during the 3rd quarter valued at approximately $50,000. Finally, IFP Advisors Inc raised its holdings in 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 during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DINO shares. Morgan Stanley reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Mizuho cut their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Barclays decreased their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, TD Cowen decreased their target price 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $47.00.

HF Sinclair Stock Down 0.5 %

Shares of NYSE:DINO opened at $32.89 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 52-week low of $29.85 and a 52-week high of $64.16. The business’s 50 day simple moving average is $34.96 and its two-hundred day simple moving average is $38.66. The firm has a market cap of $6.20 billion, a P/E ratio of 40.11 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last issued its 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 firm had revenue of $6.50 billion during 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%. As a group, research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed 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 6.08%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers bought 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 completion of the acquisition, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.28% of the stock is currently owned by insiders.

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.