Daiwa Securities Group Inc. Buys 600 Shares of HF Sinclair Co. (NYSE:DINO)

Daiwa Securities Group Inc. boosted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,700 shares of the company’s stock after acquiring an additional 600 shares during the period. Daiwa Securities Group Inc.’s holdings in HF Sinclair were worth $445,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of HF Sinclair by 1,445.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock valued at $16,531,000 after purchasing an additional 441,116 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of HF Sinclair by 1,335.6% in the 4th quarter. AlphaQuest LLC now owns 30,319 shares of the company’s stock valued at $1,063,000 after purchasing an additional 28,207 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in shares of HF Sinclair by 4.6% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 39,259 shares of the company’s stock valued at $1,376,000 after purchasing an additional 1,733 shares in the last quarter. Amundi boosted its holdings in shares of HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after purchasing an additional 996,155 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its holdings in shares of HF Sinclair by 14.8% in the 4th quarter. Aviance Capital Partners LLC now owns 31,239 shares of the company’s stock valued at $1,095,000 after purchasing an additional 4,030 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders purchased 10,635 shares of company stock worth $367,140. Insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.10.

HF Sinclair Stock Performance

DINO stock opened at $32.36 on Monday. The stock has a 50-day moving average price of $35.50 and a 200-day moving average price of $39.68. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.10 billion, a PE ratio of 39.47 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, equities research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

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.