Kornitzer Capital Management Inc. KS Raises Position in HF Sinclair Co. (NYSE:DINO)

Kornitzer Capital Management Inc. KS grew its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 72.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,155 shares of the company's stock after acquiring an additional 181,550 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.23% of HF Sinclair worth $15,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Buckhead Capital Management LLC lifted its position in shares of HF Sinclair by 15.7% in the fourth quarter. Buckhead Capital Management LLC now owns 67,321 shares of the company's stock valued at $2,360,000 after acquiring an additional 9,131 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of HF Sinclair by 9.3% in the fourth quarter. Van ECK Associates Corp now owns 88,580 shares of the company's stock worth $3,105,000 after buying an additional 7,531 shares in the last quarter. Single Point Partners LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth about $1,448,000. Cambiar Investors LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth about $7,751,000. Finally, Entropy Technologies LP purchased a new stake in shares of HF Sinclair in the fourth quarter worth about $1,393,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 1.2 %

NYSE:DINO traded down $0.47 during midday trading on Thursday, hitting $37.40. The stock had a trading volume of 2,981,213 shares, compared to its average volume of 2,646,432. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 23.08 and a beta of 1.22. The stock has a 50-day moving average of $36.02 and a 200 day moving average of $41.37. 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 (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. As a group, sell-side analysts forecast that HF Sinclair Co. will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DINO shares. TD Cowen decreased their target price 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. decreased their target price 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. Mizuho reduced their price objective 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. UBS Group reduced their price objective on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Finally, Wells Fargo & Company cut HF Sinclair from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, HF Sinclair has an average rating of "Hold" and a consensus target price of $51.00.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction on Thursday, December 19th. The stock was bought 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 directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by 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.