GAMMA Investing LLC Reduces Position in HF Sinclair Co. (NYSE:DINO)

GAMMA Investing LLC decreased its holdings in HF Sinclair Co. (NYSE:DINO) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,770 shares of the company’s stock after selling 469 shares during the quarter. GAMMA Investing LLC’s holdings in HF Sinclair were worth $62,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its holdings in shares of HF Sinclair by 11.1% in the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after acquiring an additional 226 shares during the period. Matrix Trust Co increased its holdings in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after buying an additional 317 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares during the period. Signaturefd LLC grew its holdings in HF Sinclair by 10.1% during the third quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock valued at $191,000 after purchasing an additional 392 shares during the period. Finally, Paragon Capital Management Inc. raised its stake in HF Sinclair by 1.3% during the 2nd quarter. Paragon Capital Management Inc. now owns 33,364 shares of the company’s stock worth $1,780,000 after acquiring an additional 419 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen dropped their price objective 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. UBS Group reduced their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Barclays cut their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. BMO Capital Markets reduced their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.45.

HF Sinclair Stock Up 3.2 %

Shares of NYSE DINO opened at $35.87 on Monday. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.14 and a beta of 1.22. The stock has a 50 day moving average price of $38.44 and a 200 day moving average price of $43.91. 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 (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.06 EPS. Sell-side analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair 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 purchase, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,000 shares of company stock worth $628,370. 0.28% of the stock is currently owned by corporate insiders.

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.