Viking Fund Management LLC Has $1.40 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Viking Fund Management LLC raised its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 33.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Viking Fund Management LLC’s holdings in HF Sinclair were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DINO. Matrix Trust Co boosted its stake in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair in the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth $27,000. Massmutual Trust Co. FSB ADV lifted its stake in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after buying an additional 558 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DINO. BMO Capital Markets lowered their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. UBS Group reduced their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. TD Cowen lowered their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Scotiabank reduced their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Barclays dropped their price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average price target of $51.00.

Insider Activity

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

HF Sinclair Trading Down 0.1 %

NYSE DINO opened at $36.31 on Wednesday. HF Sinclair Co. has a 52 week low of $33.47 and a 52 week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock’s 50 day moving average price is $37.78 and its two-hundred day moving average price is $43.11. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 22.41 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the business posted $4.06 EPS. The company’s quarterly revenue was down 19.1% on a year-over-year basis. As a group, analysts anticipate that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

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.