Thompson Siegel & Walmsley LLC Increases Position in HF Sinclair Co. (NYSE:DINO)

Thompson Siegel & Walmsley LLC lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 114.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,114,575 shares of the company’s stock after buying an additional 1,126,825 shares during the period. HF Sinclair accounts for approximately 1.2% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 21st largest holding. Thompson Siegel & Walmsley LLC’s holdings in HF Sinclair were worth $74,116,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DINO. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC grew its holdings in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing 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 purchasing an additional 558 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in HF Sinclair during the 3rd quarter valued at $50,000. Finally, Coastline Trust Co acquired a new position in HF Sinclair during the 3rd quarter worth $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the subject of several research reports. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Barclays cut 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 report on Monday, January 13th. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and a consensus price target of $50.73.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought a total of 10,635 shares of company stock valued at $367,140 over the last three months. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Stock Performance

Shares of DINO opened at $31.17 on Thursday. The firm’s 50 day moving average is $35.64 and its 200-day moving average is $39.95. The stock has a market capitalization of $5.87 billion, a P/E ratio of 38.01 and a beta of 1.13. 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 12-month low of $29.85 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last released 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%. Equities research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

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.