AXQ Capital LP Purchases 9,264 Shares of HF Sinclair Co. (NYSE:DINO)

AXQ Capital LP boosted its position in HF Sinclair Co. (NYSE:DINO) by 75.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,593 shares of the company’s stock after purchasing an additional 9,264 shares during the period. AXQ Capital LP’s holdings in HF Sinclair were worth $757,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after purchasing an additional 367 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after purchasing an additional 390 shares during the last quarter. Evergreen Private Wealth LLC grew its stake in shares of HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after purchasing an additional 392 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings 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 valued at $58,000 after acquiring an additional 417 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO opened at $33.54 on Friday. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. 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 firm’s fifty day simple moving average is $35.38 and its 200-day simple moving average is $39.28.

HF Sinclair (NYSE:DINO) last announced 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.96%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Analyst Ratings Changes

DINO has been the subject of several recent research reports. Barclays lowered their target price on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Wells Fargo & Company lifted their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday. TD Cowen lowered their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, Morgan Stanley reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.00.

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.