HF Sinclair Co. (NYSE:DINO) Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC decreased its position in shares of HF Sinclair Co. (NYSE:DINO) by 44.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,946 shares of the company’s stock after selling 32,335 shares during the quarter. HF Sinclair accounts for approximately 2.1% of LRT Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. LRT Capital Management LLC’s holdings in HF Sinclair were worth $2,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC lifted its holdings in HF Sinclair by 7.4% in the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after acquiring an additional 7,547 shares during the period. UBS Group AG increased its position in shares of HF Sinclair by 26.2% in the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock valued at $23,551,000 after buying an additional 85,993 shares in the last quarter. Spirit of America Management Corp NY purchased a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $1,093,000. Qube Research & Technologies Ltd purchased a new stake in shares of HF Sinclair in the third quarter valued at approximately $12,135,000. Finally, Nordea Investment Management AB increased its position in shares of HF Sinclair by 127.9% during the fourth quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after purchasing an additional 19,595 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on DINO shares. Mizuho dropped their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Piper Sandler upped their target price on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Barclays began coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price for the company. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the company from $62.00 to $78.00 in a report on Friday, March 15th. Finally, TD Cowen upped their target price on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $65.42.

HF Sinclair Stock Up 1.0 %

NYSE DINO traded up $0.57 during trading hours on Friday, hitting $56.85. 1,603,546 shares of the company were exchanged, compared to its average volume of 1,555,227. The company has a 50 day moving average of $59.09 and a two-hundred day moving average of $56.21. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $64.16. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 6.85 and a beta of 1.28.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.97 EPS. Equities research analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.50 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 3.52%. HF Sinclair’s payout ratio is 24.10%.

About HF Sinclair

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.