Ferguson Wellman Capital Management Inc. Sells 316,236 Shares of HF Sinclair Co. (NYSE:DINO)

Ferguson Wellman Capital Management Inc. lessened its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 91.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,988 shares of the company's stock after selling 316,236 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in HF Sinclair were worth $1,051,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DINO. CWM LLC boosted its stake in HF Sinclair by 43.5% in the third quarter. CWM LLC now owns 14,625 shares of the company's stock worth $652,000 after buying an additional 4,434 shares in the last quarter. CX Institutional purchased a new stake in HF Sinclair in the third quarter worth approximately $4,139,000. Creative Planning boosted its stake in HF Sinclair by 20.1% in the third quarter. Creative Planning now owns 56,938 shares of the company's stock worth $2,538,000 after buying an additional 9,519 shares in the last quarter. Paragon Capital Management Inc. boosted its stake in HF Sinclair by 5.8% in the third quarter. Paragon Capital Management Inc. now owns 35,284 shares of the company's stock worth $1,573,000 after buying an additional 1,920 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its stake in HF Sinclair by 12.5% in the third quarter. Twelve Points Wealth Management LLC now owns 16,332 shares of the company's stock worth $728,000 after buying an additional 1,817 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 3.0 %

Shares of HF Sinclair stock traded up $1.12 during midday trading on Friday, reaching $38.02. 3,668,241 shares of the company's stock traded hands, compared to its average volume of 2,601,251. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market cap of $7.15 billion, a PE ratio of 23.47 and a beta of 1.22. The stock has a 50 day moving average of $36.09 and a 200-day moving average of $41.76. HF Sinclair Co. has a 12 month low of $33.47 and a 12 month high of $64.16.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DINO. Barclays cut their target price on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. UBS Group dropped their price objective on HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company lowered HF Sinclair from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, TD Cowen dropped their price objective 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, HF Sinclair has an average rating of "Hold" and an average target price of $51.00.

Insider Activity at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

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.