Benjamin Edwards Inc. Sells 5,543 Shares of HF Sinclair Co. (NYSE:DINO)

Benjamin Edwards Inc. decreased its position in shares of HF Sinclair Co. (NYSE:DINO) by 75.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,813 shares of the company’s stock after selling 5,543 shares during the period. Benjamin Edwards Inc.’s holdings in HF Sinclair were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DINO. Gotham Asset Management LLC raised its stake in HF Sinclair by 7.4% during the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after acquiring an additional 7,547 shares in the last quarter. UBS Group AG increased 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 purchasing an additional 85,993 shares in the last quarter. Spirit of America Management Corp NY bought a new position in HF Sinclair in the 4th quarter valued at approximately $1,093,000. Qube Research & Technologies Ltd acquired a new stake in HF Sinclair in the third quarter valued at approximately $12,135,000. Finally, Nordea Investment Management AB grew its stake in shares of HF Sinclair by 127.9% during the fourth 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. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

Shares of DINO opened at $54.42 on Friday. The business’s fifty day moving average is $58.46 and its 200 day moving average is $56.39. HF Sinclair Co. has a 12-month low of $37.12 and a 12-month high of $64.16. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.73 billion, a P/E ratio of 6.56 and a beta of 1.31.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period last year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 3.68%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio is 24.10%.

Insider Activity at HF Sinclair

In related news, 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 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 the SEC website. In other news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the sale, the director now owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho dropped their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. TD Cowen lifted their price target on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Wells Fargo & Company boosted their price target on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price objective for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Finally, Piper Sandler boosted their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Four 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 stock has a consensus rating of “Moderate Buy” and an average target price 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.