Resonant Capital Advisors LLC Has $518,000 Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Resonant Capital Advisors LLC trimmed its stake in shares of HF Sinclair Co. (NYSE:DINO) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,326 shares of the company’s stock after selling 1,004 shares during the quarter. Resonant Capital Advisors LLC’s holdings in HF Sinclair were worth $518,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Stifel Financial Corp increased its position in HF Sinclair by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 27,530 shares of the company’s stock valued at $1,567,000 after acquiring an additional 217 shares during the period. Coldstream Capital Management Inc. increased its position in HF Sinclair by 2.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company’s stock valued at $488,000 after acquiring an additional 223 shares during the period. Blue Trust Inc. increased its position in HF Sinclair by 30.9% in the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after acquiring an additional 224 shares during the period. Atlas Capital Advisors LLC increased its position in HF Sinclair by 11.2% in the 4th quarter. Atlas Capital Advisors LLC now owns 2,898 shares of the company’s stock valued at $150,000 after acquiring an additional 292 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in HF Sinclair by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 58,510 shares of the company’s stock valued at $3,150,000 after acquiring an additional 297 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Up 1.0 %

Shares of NYSE DINO opened at $56.84 on Friday. The firm has a market cap of $11.21 billion, a PE ratio of 6.85 and a beta of 1.28. HF Sinclair Co. has a 12-month low of $37.12 and a 12-month high of $64.16. The company’s fifty day simple moving average is $59.09 and its 200 day simple moving average is $56.20. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the prior year, the firm earned $2.97 earnings per share. HF Sinclair’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.52%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Franklin Myers purchased 4,180 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of the transaction, the director now directly owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at $1,703,866.01. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho decreased their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Barclays assumed coverage on shares of HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective for the company. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Finally, Piper Sandler increased their price objective on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.