EMC Capital Management Sells 22,813 Shares of HF Sinclair Co. (NYSE:DINO)

EMC Capital Management trimmed its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,425 shares of the company's stock after selling 22,813 shares during the period. EMC Capital Management's holdings in HF Sinclair were worth $400,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock valued at $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $1,253,000. Pine Valley Investments Ltd Liability Co bought a new position in shares of HF Sinclair in the third quarter valued at $5,927,000. Merit Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter worth $263,000. Finally, River Road Asset Management LLC raised its position in HF Sinclair by 3.4% during the third quarter. River Road Asset Management LLC now owns 769,847 shares of the company's stock worth $34,312,000 after acquiring an additional 25,041 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 2.3 %

Shares of HF Sinclair stock opened at $37.12 on Thursday. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The stock has a market cap of $6.98 billion, a PE ratio of 22.81 and a beta of 1.22. The firm has a 50-day moving average of $37.05 and a 200-day moving average of $42.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the firm posted $4.06 EPS. The business's revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, sell-side analysts forecast that HF Sinclair Co. will post 1.34 EPS for the current year.

Insider Activity

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 17,000 shares of company stock worth $628,370. Corporate insiders own 0.28% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DINO. Barclays decreased their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. Scotiabank dropped their price objective on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Mizuho dropped their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Finally, 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 report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, HF Sinclair has an average rating of "Hold" and an average target price of $51.00.

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.

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