Van ECK Associates Corp Increases Stake in HF Sinclair Co. (NYSE:DINO)

Van ECK Associates Corp grew its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 9.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,580 shares of the company's stock after acquiring an additional 7,531 shares during the period. Van ECK Associates Corp's holdings in HF Sinclair were worth $3,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair during the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after acquiring an additional 558 shares during the period. Millburn Ridgefield Corp bought a new position in shares of HF Sinclair during the 3rd quarter valued at approximately $50,000. Finally, Coastline Trust Co bought a new position in shares of HF Sinclair during the 3rd quarter valued at approximately $55,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

NYSE:DINO traded down $1.12 during trading hours on Friday, hitting $36.32. The stock had a trading volume of 3,752,329 shares, compared to its average volume of 2,719,395. The company has a 50 day simple moving average of $36.01 and a two-hundred day simple moving average of $41.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 22.42 and a beta of 1.22.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. Research analysts forecast that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair's payout ratio is presently 123.46%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group cut their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a report on Monday, November 4th. Mizuho cut their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, December 16th. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Finally, Barclays cut 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 report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and a consensus target price of $51.00.

Insider Activity

In other news, CFO Atanas H. Atanasov bought 5,000 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost 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 approximately $2,665,364.79. This trade represents a 6.76 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.28% of the company's stock.

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.