Global Retirement Partners LLC Sells 291 Shares of HF Sinclair Co. (NYSE:DINO)

Global Retirement Partners LLC cut its position in HF Sinclair Co. (NYSE:DINO) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,314 shares of the company’s stock after selling 291 shares during the quarter. Global Retirement Partners LLC’s holdings in HF Sinclair were worth $81,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Aigen Investment Management LP acquired a new stake in HF Sinclair during the 3rd quarter valued at $1,253,000. Merit Financial Group LLC acquired a new stake in HF Sinclair during the 4th quarter valued at $263,000. Blue Trust Inc. lifted its holdings in HF Sinclair by 57.9% during the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after purchasing an additional 2,655 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in HF Sinclair during the 3rd quarter valued at $5,927,000. 88.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DINO shares. 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 report on Tuesday, December 10th. Barclays dropped their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Finally, UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.00.

HF Sinclair Stock Up 1.1 %

Shares of NYSE DINO opened at $35.25 on Friday. 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 $33.47 and a 52 week high of $64.16. The stock has a market capitalization of $6.64 billion, a P/E ratio of 42.99 and a beta of 1.22. The stock’s fifty day moving average is $36.08 and its 200 day moving average is $40.91.

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 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 business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio is presently 243.90%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The shares were 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 owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Atanas H. Atanasov purchased 7,000 shares of HF Sinclair stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,000 shares of company stock worth $612,870 over the last 90 days. 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.