BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of HF Sinclair Co. (NYSE:DINO – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,296 shares of the company’s stock, valued at approximately $742,000.
A number of other large investors also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in HF Sinclair by 28.2% during the fourth quarter. Bank of America Corp DE now owns 877,891 shares of the company’s stock valued at $45,554,000 after acquiring an additional 193,222 shares in the last quarter. Creative Planning boosted its stake in shares of HF Sinclair by 90.7% in the 4th quarter. Creative Planning now owns 14,800 shares of the company’s stock valued at $768,000 after purchasing an additional 7,040 shares in the last quarter. Amalgamated Bank boosted its position in HF Sinclair by 12.5% during the 4th quarter. Amalgamated Bank now owns 119,049 shares of the company’s stock valued at $6,177,000 after buying an additional 13,272 shares during the period. New York Life Investment Management LLC boosted its position in HF Sinclair by 17.1% during the 4th quarter. New York Life Investment Management LLC now owns 14,883 shares of the company’s stock valued at $772,000 after buying an additional 2,175 shares during the period. Finally, Assetmark Inc. boosted its position in HF Sinclair by 2,703.7% during the 4th quarter. Assetmark Inc. now owns 129,560 shares of the company’s stock valued at $6,723,000 after buying an additional 124,939 shares during the period. 87.69% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
DINO has been the subject of several research reports. Piper Sandler decreased their price objective on shares of HF Sinclair from $73.00 to $59.00 in a report on Thursday, May 18th. Mizuho dropped their price objective on HF Sinclair from $69.00 to $56.00 in a research note on Friday, May 19th. JPMorgan Chase & Co. boosted their target price on HF Sinclair from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 28th. Wells Fargo & Company upgraded HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research report on Thursday, March 16th. Finally, UBS Group initiated coverage on HF Sinclair in a research report on Wednesday, March 8th. They set a “neutral” rating and a $58.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.33.
HF Sinclair Stock Up 4.7 %
HF Sinclair (NYSE:DINO – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.48 by $0.52. HF Sinclair had a net margin of 8.13% and a return on equity of 32.56%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, research analysts predict that HF Sinclair Co. will post 7.81 EPS for the current fiscal year.
HF Sinclair Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $1.80 annualized dividend and a dividend yield of 4.16%. HF Sinclair’s dividend payout ratio (DPR) is presently 12.34%.
Insider Buying and Selling
In other news, major shareholder Carol Orme Holding sold 4,000,000 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $47.59, for a total value of $190,360,000.00. Following the completion of the transaction, the insider now owns 34,853,483 shares of the company’s stock, valued at $1,658,677,255.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HF Sinclair news, major shareholder Carol Orme Holding sold 4,000,000 shares of the 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 completion of the sale, the insider now owns 34,853,483 shares of the company’s stock, valued at approximately $1,658,677,255.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Jennings sold 50,000 shares of HF Sinclair 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 sale, the chief executive officer now directly owns 182,859 shares of the company’s stock, valued at approximately $9,336,780.54. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.
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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