Adams Asset Advisors LLC Purchases 58,981 Shares of HF Sinclair Co. (NYSE:DINO)

Adams Asset Advisors LLC lifted its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 252,356 shares of the company's stock after purchasing an additional 58,981 shares during the period. HF Sinclair accounts for about 1.1% of Adams Asset Advisors LLC's investment portfolio, making the stock its 27th biggest holding. Adams Asset Advisors LLC owned about 0.13% of HF Sinclair worth $8,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock valued at $374,909,000 after acquiring an additional 626,755 shares during the period. Dimensional Fund Advisors LP lifted its position in HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock valued at $306,665,000 after acquiring an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. lifted its position in HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock valued at $218,163,000 after acquiring an additional 165,313 shares during the period. AQR Capital Management LLC lifted its position in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock valued at $147,873,000 after acquiring an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd increased its stake in HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock valued at $74,797,000 after purchasing an additional 175,925 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now directly owns 145,293 shares of the company's stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 17,000 shares of company stock valued at $628,370. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Scotiabank reduced their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Morgan Stanley reduced their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. BMO Capital Markets reduced their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. TD Cowen reduced their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and an average price target of $51.00.

HF Sinclair Price Performance

NYSE:DINO traded up $1.00 during trading hours on Monday, hitting $36.88. 4,538,236 shares of the stock traded hands, compared to its average volume of 2,611,791. 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 1 year low of $33.47 and a 1 year high of $64.16. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 22.77 and a beta of 1.22. The stock has a 50 day moving average price of $38.44 and a 200 day moving average price of $43.91.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the firm earned $4.06 earnings per share. The company's revenue for the quarter was down 19.1% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.42%. The ex-dividend date was Thursday, November 21st. HF Sinclair's dividend payout ratio is currently 123.46%.

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.