Martingale Asset Management L P Has $784,000 Stock Position in HF Sinclair Co. (NYSE:DINO)

Martingale Asset Management L P decreased its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 88.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,362 shares of the company's stock after selling 164,753 shares during the period. Martingale Asset Management L P's holdings in HF Sinclair were worth $784,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of HF Sinclair by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock worth $669,000 after buying an additional 367 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock valued at $2,253,000 after buying an additional 390 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in shares of HF Sinclair by 1.5% during the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock valued at $938,000 after buying an additional 392 shares during the period. Finally, IFP Advisors Inc lifted its position in HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

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HF Sinclair Price Performance

HF Sinclair stock traded down $0.46 during trading hours on Tuesday, hitting $27.40. 2,342,368 shares of the company traded hands, compared to its average volume of 2,373,947. The firm's 50-day simple moving average is $32.87 and its two-hundred day simple moving average is $37.19. The firm has a market cap of $5.16 billion, a P/E ratio of 33.42 and a beta of 1.00. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.87. 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 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). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 7.30%. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent analyst reports. Scotiabank cut their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday. TD Cowen dropped their target price on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a report on Friday, March 7th. Mizuho dropped their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company raised their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $45.70.

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.