HF Sinclair Co. (NYSE:DINO) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lessened its position in shares of HF Sinclair Co. (NYSE:DINO) by 13.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,070 shares of the company’s stock after selling 320 shares during the quarter. Harbour Investments Inc.’s holdings in HF Sinclair were worth $73,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its stake in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after buying an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after buying an additional 558 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in HF Sinclair during the third quarter worth $50,000. Finally, IFP Advisors Inc raised its holdings in shares of HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock worth $58,000 after acquiring an additional 417 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

NYSE DINO opened at $33.54 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The firm has a market capitalization of $6.32 billion, a P/E ratio of 40.90 and a beta of 1.13. The business’s 50-day simple moving average is $35.38 and its 200-day simple moving average is $39.17.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Equities analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 5.96%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DINO shares. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a report on Friday, March 7th. Barclays cut their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. TD Cowen reduced their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Mizuho lowered their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, 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 research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average target price of $47.00.

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.