Thurston Springer Miller Herd & Titak Inc. Buys 4,278 Shares of HF Sinclair Co. (NYSE:DINO)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 1,001.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,705 shares of the company’s stock after buying an additional 4,278 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in HF Sinclair were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after buying an additional 626,755 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in HF Sinclair by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after acquiring an additional 165,313 shares during the period. AQR Capital Management LLC boosted its stake in shares of HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after acquiring an additional 997,629 shares during the last quarter. AustralianSuper Pty Ltd grew its position in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after acquiring an additional 175,925 shares during the period. Finally, FMR LLC increased its stake in shares of HF Sinclair by 13.8% in the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after purchasing an additional 141,472 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 7,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,000 shares of company stock valued at $628,370 over the last 90 days. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on DINO shares. Piper Sandler cut their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. BMO Capital Markets reduced their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Mizuho lowered their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays lowered their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, HF Sinclair has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $36.84 on Friday. The firm’s fifty day moving average is $38.23 and its two-hundred day moving average is $43.63. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The company has a market cap of $6.93 billion, a P/E ratio of 22.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.06 earnings per share. As a group, analysts anticipate that HF Sinclair Co. will post 2.05 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio is presently 123.46%.

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.