Quest Partners LLC Buys New Shares in HF Sinclair Co. (NYSE:DINO)

Quest Partners LLC bought a new stake in HF Sinclair Co. (NYSE:DINO) in the fourth quarter, HoldingsChannel.com reports. The firm bought 12,304 shares of the company’s stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DINO. Blue Trust Inc. lifted its holdings in HF Sinclair by 30.9% during the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after buying an additional 224 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of HF Sinclair by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,703 shares of the company’s stock worth $4,688,000 after purchasing an additional 275 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of HF Sinclair by 1.9% during the third quarter. Aviance Capital Partners LLC now owns 17,000 shares of the company’s stock worth $968,000 after purchasing an additional 323 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of HF Sinclair by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 70,033 shares of the company’s stock worth $3,987,000 after purchasing an additional 345 shares in the last quarter. Finally, Twelve Points Wealth Management LLC increased its position in shares of HF Sinclair by 3.0% during the fourth quarter. Twelve Points Wealth Management LLC now owns 13,443 shares of the company’s stock worth $747,000 after purchasing an additional 394 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Friday, February 23rd. The stock was 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers bought 6,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the transaction, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on DINO shares. TD Cowen lifted their target price on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company boosted their price target on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Barclays initiated coverage on HF Sinclair in a research report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target on the stock. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Finally, Piper Sandler dropped their target price on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 14th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.92.

HF Sinclair Trading Down 0.7 %

Shares of DINO opened at $56.51 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.86 billion, a P/E ratio of 6.99 and a beta of 1.31. The stock’s fifty day simple moving average is $58.49 and its 200 day simple moving average is $56.51. HF Sinclair Co. has a twelve month low of $41.09 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.16. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted $2.00 EPS. On average, equities research analysts forecast that HF Sinclair Co. will post 6.17 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

HF Sinclair 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.