HF Sinclair Co. (NYSE:DINO) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in shares of HF Sinclair Co. (NYSE:DINO) by 83.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 38,198 shares of the company’s stock after acquiring an additional 17,404 shares during the quarter. Jones Financial Companies Lllp’s holdings in HF Sinclair were worth $1,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DINO. Capital Performance Advisors LLP acquired a new position in shares of HF Sinclair during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 purchasing an additional 558 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of HF Sinclair in the third quarter valued at approximately $50,000. Finally, Coastline Trust Co acquired a new stake in shares of HF Sinclair in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. TD Cowen cut their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. 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 cut their price target 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. Finally, Mizuho cut their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.00.

HF Sinclair Trading Up 1.7 %

Shares of HF Sinclair stock opened at $32.19 on Friday. HF Sinclair Co. has a fifty-two week low of $29.85 and a fifty-two week high of $64.16. The stock has a 50 day moving average of $35.85 and a 200 day moving average of $40.35. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13. 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 released its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. As a group, research analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.21%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 7,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 17,635 shares of company stock worth $632,860 over the last ninety days. Company insiders own 0.28% of the company’s stock.

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.