DekaBank Deutsche Girozentrale boosted its holdings in HF Sinclair Co. (NYSE:DINO – Get Rating) by 120.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,424 shares of the company’s stock after purchasing an additional 25,324 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in HF Sinclair were worth $2,361,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Eaton Vance Management lifted its stake in HF Sinclair by 0.8% during the 3rd quarter. Eaton Vance Management now owns 21,554 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in HF Sinclair by 2.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 9,365 shares of the company’s stock valued at $504,000 after acquiring an additional 216 shares in the last quarter. Greenleaf Trust lifted its stake in HF Sinclair by 4.3% during the 3rd quarter. Greenleaf Trust now owns 5,603 shares of the company’s stock valued at $302,000 after acquiring an additional 230 shares in the last quarter. Vision Capital Management Inc. lifted its stake in HF Sinclair by 0.3% during the 4th quarter. Vision Capital Management Inc. now owns 68,658 shares of the company’s stock valued at $3,563,000 after acquiring an additional 236 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in HF Sinclair by 3.5% during the 3rd quarter. Wealthspire Advisors LLC now owns 7,300 shares of the company’s stock valued at $393,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 87.69% of the company’s stock.
Analyst Ratings Changes
Several brokerages have weighed in on DINO. UBS Group began coverage on HF Sinclair in a research note on Wednesday, March 8th. They set a “neutral” rating and a $58.00 price objective on the stock. Mizuho raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $68.00 in a report on Tuesday, January 10th. Wells Fargo & Company upgraded HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research report on Thursday, March 16th. TD Cowen lowered HF Sinclair from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $58.00 to $52.00 in a research note on Thursday, March 2nd. Finally, Barclays dropped their price target on HF Sinclair from $61.00 to $55.00 in a research note on Tuesday, January 10th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.33.
HF Sinclair Price Performance
HF Sinclair (NYSE:DINO – Get Rating) last released its quarterly earnings data on Friday, February 24th. The company reported $2.97 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.62). HF Sinclair had a return on equity of 31.28% and a net margin of 7.65%. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the business posted ($0.11) earnings per share. HF Sinclair’s quarterly revenue was up 59.8% compared to the same quarter last year. As a group, equities analysts expect that HF Sinclair Co. will post 8.89 EPS for the current fiscal year.
HF Sinclair Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Tuesday, March 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.99%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 13.14%.
Insider Buying and Selling
In related news, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $47.59, for a total value of $190,360,000.00. Following the completion of the sale, the insider now directly owns 34,853,483 shares in the company, valued at approximately $1,658,677,255.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other HF Sinclair news, major shareholder Carol Orme Holding sold 4,000,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $47.59, for a total value of $190,360,000.00. Following the transaction, the insider now directly owns 34,853,483 shares of the company’s stock, valued at $1,658,677,255.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Jennings sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.06, for a total value of $2,553,000.00. Following the completion of the transaction, the chief executive officer now directly owns 182,859 shares in the company, valued at $9,336,780.54. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
About HF Sinclair
HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.
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