Swiss National Bank Has $16.06 Million Stake in HF Sinclair Co. (NYSE:DINO)

Swiss National Bank trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,100 shares of the company’s stock after selling 25,100 shares during the quarter. Swiss National Bank owned 0.24% of HF Sinclair worth $16,056,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DINO. Sugar Maple Asset Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its position in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 purchasing an additional 558 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of HF Sinclair during the third quarter worth approximately $50,000. Finally, IFP Advisors Inc raised its position in shares of HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock worth $58,000 after purchasing an additional 417 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 10,635 shares of company stock valued at $367,140 in the last 90 days. Insiders own 0.28% of the company’s stock.

HF Sinclair Stock Down 0.6 %

Shares of NYSE:DINO opened at $33.28 on Wednesday. The company has a market capitalization of $6.27 billion, a PE ratio of 40.58 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. The business has a fifty day moving average price of $35.46 and a two-hundred day moving average price of $39.47. HF Sinclair Co. has a 1 year low of $29.85 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.01%. HF Sinclair’s dividend payout ratio is presently 243.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DINO. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. Barclays decreased their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. decreased their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Finally, Morgan Stanley decreased their price target on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $47.10.

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.