HF Sinclair Co. (NYSE:DINO) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC reduced its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 73,081 shares of the company's stock after selling 26,433 shares during the quarter. Level Four Advisory Services LLC's holdings in HF Sinclair were worth $2,561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DINO. Thrivent Financial for Lutherans lifted its position in shares of HF Sinclair by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company's stock worth $1,711,000 after purchasing an additional 1,890 shares in the last quarter. Citigroup Inc. increased its stake in HF Sinclair by 25.1% during the 3rd quarter. Citigroup Inc. now owns 200,882 shares of the company's stock worth $8,953,000 after buying an additional 40,341 shares during the period. Cerity Partners LLC lifted its holdings in HF Sinclair by 53.4% during the 3rd quarter. Cerity Partners LLC now owns 31,551 shares of the company's stock worth $1,406,000 after buying an additional 10,988 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in HF Sinclair by 7.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,100 shares of the company's stock valued at $539,000 after buying an additional 800 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of HF Sinclair by 3.0% in the third quarter. The Manufacturers Life Insurance Company now owns 150,580 shares of the company's stock worth $6,711,000 after acquiring an additional 4,417 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on DINO. Morgan Stanley reduced their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Mizuho reduced their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.00.

HF Sinclair Stock Performance

DINO traded up $0.07 during trading on Wednesday, hitting $33.34. 484,673 shares of the stock were exchanged, compared to its average volume of 2,267,578. The firm has a market capitalization of $6.28 billion, a P/E ratio of 40.66 and a beta of 1.13. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The stock has a fifty day moving average price of $34.90 and a two-hundred day moving average price of $38.57. 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 released its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.28% of the stock is currently owned by insiders.

HF Sinclair 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.