Oakworth Capital Inc. Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Oakworth Capital Inc. decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 46.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,489 shares of the company's stock after selling 15,812 shares during the quarter. Oakworth Capital Inc.'s holdings in HF Sinclair were worth $648,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Matrix Trust Co lifted its position in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new position in HF Sinclair in the third quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $27,000. Millburn Ridgefield Corp purchased a new position in HF Sinclair during the 3rd quarter worth $50,000. Finally, Coastline Trust Co acquired a new position in shares of HF Sinclair during the third quarter valued at about $55,000. Institutional investors own 88.29% of the company's stock.

Insider Activity

In related news, CFO Atanas H. Atanasov bought 7,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of research reports. Mizuho lowered their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Barclays decreased their price objective on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Wells Fargo & Company lowered HF Sinclair from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $51.00.

HF Sinclair Price Performance

NYSE DINO traded up $1.39 during mid-day trading on Monday, hitting $37.64. The stock had a trading volume of 1,785,724 shares, compared to its average volume of 2,501,839. The firm's 50 day moving average is $36.35 and its 200 day moving average is $42.01. 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 stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 23.23 and a beta of 1.22. HF Sinclair Co. has a twelve month low of $33.47 and a twelve month high of $64.16.

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.