CoreCap Advisors LLC acquired a new stake in shares of HF Sinclair Co. (NYSE:DINO – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,009 shares of the company’s stock, valued at approximately $52,000.
Other institutional investors have also modified their holdings of the company. Bornite Capital Management LP acquired a new stake in shares of HF Sinclair during the 1st quarter valued at about $13,947,000. Advisor Group Holdings Inc. acquired a new stake in shares of HF Sinclair during the 1st quarter valued at about $241,000. JPMorgan Chase & Co. acquired a new stake in shares of HF Sinclair during the 1st quarter valued at about $13,169,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of HF Sinclair during the 1st quarter valued at about $1,823,000. Finally, US Bancorp DE acquired a new stake in shares of HF Sinclair during the 1st quarter valued at about $292,000. Hedge funds and other institutional investors own 87.69% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on DINO. Piper Sandler dropped their target price on HF Sinclair from $73.00 to $59.00 in a research report on Thursday, May 18th. UBS Group initiated coverage on HF Sinclair in a report on Wednesday, March 8th. They issued a “neutral” rating and a $58.00 price objective on the stock. TD Cowen lowered their price objective on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. JPMorgan Chase & Co. lifted their price objective on HF Sinclair from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, March 28th. Finally, Wells Fargo & Company upgraded HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Thursday, March 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.33.
HF Sinclair Trading Down 2.2 %
HF Sinclair (NYSE:DINO – Get Rating) last issued its earnings results on Thursday, May 4th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.52. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $6.97 billion. HF Sinclair had a return on equity of 32.56% and a net margin of 8.13%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. Analysts predict that HF Sinclair Co. will post 7.81 EPS for the current fiscal year.
HF Sinclair Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, May 17th. HF Sinclair’s payout ratio is presently 12.34%.
Insider Activity
In other news, CEO Michael Jennings sold 50,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the sale, the chief executive officer now owns 182,859 shares of the company’s stock, valued at approximately $9,336,780.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Michael Jennings sold 50,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the sale, the chief executive officer now owns 182,859 shares of the company’s stock, valued at approximately $9,336,780.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the sale, the insider now directly owns 34,853,483 shares in the company, valued at approximately $1,658,677,255.97. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
HF Sinclair Company Profile
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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