Summit Global Investments Invests $243,000 in HF Sinclair Co. (NYSE:DINO)

Summit Global Investments bought a new stake in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, Holdings Channel reports. The firm bought 4,371 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its holdings in HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after purchasing an additional 549 shares during the last quarter. Baystate Wealth Management LLC bought a new position in HF Sinclair during the 4th quarter worth $37,000. Blue Trust Inc. lifted its holdings in shares of HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after buying an additional 224 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of HF Sinclair in the fourth quarter valued at about $56,000. Finally, GAMMA Investing LLC acquired a new position in shares of HF Sinclair in the fourth quarter valued at about $123,000. 88.29% of the stock is owned by institutional investors.

Insider Activity

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction on 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 owns 29,617 shares in the company, valued at $1,703,866.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 of the company’s stock, valued at approximately $600,490.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the 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 disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Trading Up 1.5 %

NYSE:DINO opened at $55.21 on Tuesday. The firm has a market cap of $10.88 billion, a P/E ratio of 6.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. HF Sinclair Co. has a 52 week low of $38.49 and a 52 week high of $64.16. The firm’s fifty day moving average is $58.39 and its 200-day moving average is $56.37.

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

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Analysts Set New Price Targets

A number of research firms have issued reports on DINO. TD Cowen boosted their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Scotiabank increased their price target on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research 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 objective for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Mizuho reduced their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Finally, Barclays initiated 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.42.

About HF Sinclair

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.