Entropy Technologies LP Takes Position in HF Sinclair Co. (NYSE:DINO)

Entropy Technologies LP purchased a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,753 shares of the company's stock, valued at approximately $1,393,000.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in HF Sinclair during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in HF Sinclair by 68.0% during the 4th 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. Millburn Ridgefield Corp acquired a new position in HF Sinclair during the 3rd quarter worth about $50,000. Finally, Coastline Trust Co acquired a new stake in HF Sinclair in the 3rd quarter valued at about $55,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. This trade represents a 6.76 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.28% of the company's stock.

Wall Street Analyst Weigh In

DINO has been the topic of a number of analyst reports. Mizuho reduced their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company lowered HF Sinclair from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. TD Cowen reduced their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced 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. Finally, UBS Group reduced their price target on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $51.00.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded up $1.12 during trading on Friday, reaching $38.02. The company's stock had a trading volume of 3,668,241 shares, compared to its average volume of 2,601,251. 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 $33.47 and a 12-month high of $64.16. The company has a market capitalization of $7.15 billion, a P/E ratio of 23.47 and a beta of 1.22. The business has a 50 day moving average price of $36.09 and a 200-day moving average price of $41.76.

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.