Corps Capital Advisors LLC Acquires New Stake in HF Sinclair Co. (NYSE:DINO)

Corps Capital Advisors LLC bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,250 shares of the company's stock, valued at approximately $359,000.

Several other institutional investors have also recently made changes to their positions in DINO. Pacer Advisors Inc. grew its position in HF Sinclair by 8.1% in 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of HF Sinclair by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock worth $218,163,000 after purchasing an additional 165,313 shares during the period. AustralianSuper Pty Ltd boosted its position 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 acquiring an additional 175,925 shares in the last quarter. FMR LLC grew its stake in HF Sinclair by 13.8% in the third quarter. FMR LLC now owns 1,167,209 shares of the company's stock valued at $52,023,000 after purchasing an additional 141,472 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of HF Sinclair by 11.5% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 987,750 shares of the company's stock worth $44,024,000 after buying an additional 101,586 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Mizuho lowered their target price on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Barclays lowered their price target on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. 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 report on Monday, December 9th. UBS Group decreased their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Finally, TD Cowen reduced their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, HF Sinclair has a consensus rating of "Hold" and a consensus price target of $51.00.

HF Sinclair Stock Performance

Shares of NYSE DINO traded down $0.77 during trading on Friday, reaching $36.66. 1,967,750 shares of the company traded hands, compared to its average volume of 2,662,305. The stock has a market cap of $6.90 billion, a P/E ratio of 22.66 and a beta of 1.22. The firm's fifty day simple moving average is $36.01 and its 200 day simple moving average is $41.34. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $33.47 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly 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 net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. As a group, research analysts anticipate that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 123.46%.

Insider Buying and Selling

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares of the company's stock, valued at $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 available through the SEC website. 0.28% of the stock is currently owned by insiders.

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.