Inceptionr LLC Grows Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Inceptionr LLC lifted its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 73.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,349 shares of the company's stock after acquiring an additional 10,728 shares during the quarter. Inceptionr LLC's holdings in HF Sinclair were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. grew its position in HF Sinclair by 8.1% in the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock worth $374,909,000 after purchasing an additional 626,755 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of HF Sinclair by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after buying an additional 617,218 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of HF Sinclair in the fourth quarter worth $8,830,000. Cambiar Investors LLC purchased a new stake in HF Sinclair during the fourth quarter valued at $7,751,000. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in HF Sinclair by 72.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 433,155 shares of the company's stock valued at $15,182,000 after acquiring an additional 181,550 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,635 shares of company stock valued at $632,860. Insiders own 0.28% of the company's stock.

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HF Sinclair Price Performance

Shares of HF Sinclair stock traded down $0.51 during trading on Monday, reaching $31.62. 3,839,058 shares of the stock traded hands, compared to its average volume of 3,274,697. HF Sinclair Co. has a 52-week low of $29.85 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business has a fifty day simple moving average of $35.85 and a two-hundred day simple moving average of $40.25. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 38.56 and a beta of 1.13.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share 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 net margin of 0.62% and a return on equity of 1.98%. Sell-side analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair's dividend payout ratio is 243.90%.

Analyst Ratings Changes

A number of research firms have issued reports on DINO. Piper Sandler set a $46.00 price target on HF Sinclair in a research note on Friday. Barclays cut their target price 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. Wells Fargo & Company downgraded shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. 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 research report on Monday, December 16th. Finally, JPMorgan Chase & Co. reduced 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and a consensus target price of $50.73.

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.