Alliancebernstein L.P. Has $41.68 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Alliancebernstein L.P. reduced its holdings in HF Sinclair Co. (NYSE:DINO) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,189,021 shares of the company’s stock after selling 140,940 shares during the period. Alliancebernstein L.P. owned about 0.63% of HF Sinclair worth $41,675,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 327 shares in the last quarter. Quarry LP increased its stake in shares of HF Sinclair by 1,591.3% in the third quarter. Quarry LP now owns 1,353 shares of the company’s stock worth $60,000 after acquiring an additional 1,273 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings 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 acquiring an additional 558 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on DINO. Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Morgan Stanley dropped their price objective on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Mizuho reduced their target price on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays decreased 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 research report on Friday, March 14th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.50.

HF Sinclair Trading Down 6.2 %

NYSE:DINO opened at $27.46 on Friday. The company’s 50 day moving average is $34.55 and its 200-day moving average is $38.29. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $26.02 and a 12 month high of $63.84. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 33.48 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, February 20th. The company reported ($1.02) EPS 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 the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Equities analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.28%. HF Sinclair’s payout ratio is presently 243.90%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

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.