Cerity Partners LLC Purchases 33,258 Shares of HF Sinclair Co. (NYSE:DINO)

Cerity Partners LLC grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 105.4% in the fourth quarter, Holdings Channel reports. The fund owned 64,809 shares of the company’s stock after buying an additional 33,258 shares during the quarter. Cerity Partners LLC’s holdings in HF Sinclair were worth $2,351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DINO. Sugar Maple Asset Management LLC bought a new position in HF Sinclair during the fourth quarter valued at $27,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 acquiring an additional 558 shares during the last quarter. Finally, IFP Advisors Inc raised its position in HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after purchasing an additional 417 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 1.6 %

Shares of NYSE DINO opened at $27.40 on Wednesday. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.87. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 33.42 and a beta of 1.00. The stock has a 50 day moving average price of $32.87 and a 200 day moving average price of $37.19. 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 issued its earnings results 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). The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is 243.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DINO. TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Scotiabank cut their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Mizuho lowered their target price on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Wells Fargo & Company upped their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Finally, Barclays decreased their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average target price of $45.70.

Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

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.