Mutual Advisors LLC Acquires 5,594 Shares of HF Sinclair Co. (NYSE:DINO)

Mutual Advisors LLC raised its stake in shares of HF Sinclair Co. (NYSE:DINO) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,022 shares of the company’s stock after buying an additional 5,594 shares during the period. Mutual Advisors LLC’s holdings in HF Sinclair were worth $1,360,000 at the end of the most recent quarter.

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

HF Sinclair Trading Down 2.8 %

Shares of DINO stock opened at $35.81 on Friday. 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 firm has a fifty day moving average of $37.41 and a 200-day moving average of $42.92. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 22.10 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results 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 firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the company earned $4.06 earnings per share. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year. On average, equities research analysts forecast that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’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 completion of the transaction, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 17,000 shares of company stock worth $628,370 over the last three months. 0.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DINO. UBS Group cut their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Mizuho lowered their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. BMO Capital Markets cut their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Barclays lowered their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.00.

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.