Hi Line Capital Management LLC Cuts Position in HF Sinclair Co. (NYSE:DINO)

Hi Line Capital Management LLC decreased its position in HF Sinclair Co. (NYSE:DINO) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,864 shares of the company’s stock after selling 3,868 shares during the quarter. Hi Line Capital Management LLC’s holdings in HF Sinclair were worth $556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of HF Sinclair during the third quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth $27,000. Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair during the third quarter worth $50,000. Coastline Trust Co purchased a new stake in shares of HF Sinclair during the third quarter worth $55,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of HF Sinclair during the third quarter worth $59,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

NYSE DINO opened at $36.32 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 1 year low of $33.47 and a 1 year high of $64.16. The company has a market capitalization of $6.83 billion, a PE ratio of 44.29 and a beta of 1.22. The company has a fifty day moving average of $35.99 and a two-hundred day moving average of $41.21.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data 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 net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. As a group, analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DINO shares. JPMorgan Chase & Co. cut their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Mizuho cut their price objective on 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 lowered their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. UBS Group lowered their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $51.00.

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.