Wetzel Investment Advisors Inc. Purchases New Shares in HF Sinclair Co. (NYSE:DINO)

Wetzel Investment Advisors Inc. purchased a new stake in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,080 shares of the company’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DINO. Gotham Asset Management LLC raised its position in HF Sinclair by 7.4% during the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after buying an additional 7,547 shares during the last quarter. UBS Group AG raised its position in HF Sinclair by 26.2% during the 3rd quarter. UBS Group AG now owns 413,679 shares of the company’s stock worth $23,551,000 after buying an additional 85,993 shares during the last quarter. Spirit of America Management Corp NY purchased a new position in HF Sinclair during the 4th quarter worth $1,093,000. Qube Research & Technologies Ltd purchased a new position in HF Sinclair during the 3rd quarter worth $12,135,000. Finally, Nordea Investment Management AB raised its position in HF Sinclair by 127.9% during the 4th quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after buying an additional 19,595 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers acquired 4,180 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the acquisition, the director now directly owns 131,793 shares in the company, valued at approximately $7,767,879.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Franklin Myers acquired 4,180 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the acquisition, the director now directly owns 131,793 shares in the company, valued at approximately $7,767,879.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

HF Sinclair Trading Up 1.0 %

Shares of HF Sinclair stock traded up $0.57 during mid-day trading on Friday, hitting $56.85. 1,603,546 shares of the stock were exchanged, compared to its average volume of 1,555,227. HF Sinclair Co. has a twelve month low of $37.12 and a twelve month high of $64.16. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 6.85 and a beta of 1.28. The company has a 50-day simple moving average of $59.09 and a 200 day simple moving average of $56.20. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last released its quarterly 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 company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the company earned $2.97 EPS. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Research analysts forecast that HF Sinclair Co. will post 6.55 EPS for the current year.

HF Sinclair Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DINO shares. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Scotiabank increased their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the company from $62.00 to $78.00 in a report on Friday, March 15th. Piper Sandler increased their price target on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.