Ieq Capital LLC Acquires 93,696 Shares of HF Sinclair Co. (NYSE:DINO)

Ieq Capital LLC lifted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 716.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,773 shares of the company’s stock after purchasing an additional 93,696 shares during the period. Ieq Capital LLC owned 0.06% of HF Sinclair worth $3,742,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DINO. Capital Performance Advisors LLP bought a new position in HF Sinclair in the third quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new position in HF Sinclair in the fourth quarter valued at about $27,000. 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 bought a new position in HF Sinclair in the third quarter valued at about $50,000. Finally, Coastline Trust Co bought a new position in HF Sinclair in the third quarter valued at about $55,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 3.0 %

NYSE DINO opened at $36.32 on Friday. The firm has a market cap of $6.83 billion, a P/E ratio of 22.42 and a beta of 1.22. 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 stock’s 50-day moving average is $35.99 and its 200-day moving average is $41.28. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. Sell-side analysts anticipate that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 5.51%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio is presently 243.90%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DINO shares. Mizuho decreased their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. cut their target price 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. Barclays cut their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. UBS Group cut their target price 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. Finally, TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.00.

Insider Activity at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % 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. 0.28% of the stock is owned by 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.