Single Point Partners LLC Makes New Investment in HF Sinclair Co. (NYSE:DINO)

Single Point Partners LLC bought a new position in shares of HF Sinclair Co. (NYSE:DINO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 41,324 shares of the company’s stock, valued at approximately $1,448,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair in the third quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of HF Sinclair in the fourth quarter valued at about $27,000. Millburn Ridgefield Corp bought a new stake in shares of HF Sinclair in the third quarter valued at about $50,000. Coastline Trust Co bought a new stake in shares of HF Sinclair in the third quarter valued at about $55,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of HF Sinclair in the third quarter valued at about $59,000. 88.29% of the stock is currently owned by institutional investors.

Insider Activity

In other HF Sinclair news, CFO Atanas H. Atanasov bought 7,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays dropped their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Finally, Mizuho dropped 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.00.

HF Sinclair Price Performance

HF Sinclair stock opened at $37.64 on Tuesday. HF Sinclair Co. has a 12 month low of $33.47 and a 12 month high of $64.16. The stock’s 50 day moving average is $36.35 and its 200-day moving average is $42.01. 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 company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 23.23 and a beta of 1.22.

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.