Proficio Capital Partners LLC Acquires New Shares in HF Sinclair Co. (NYSE:DINO)

Proficio Capital Partners LLC bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,378 shares of the company's stock, valued at approximately $819,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DINO. JPMorgan Chase & Co. boosted its stake in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock worth $37,845,000 after acquiring an additional 33,373 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of HF Sinclair during the 3rd quarter worth about $1,253,000. Merit Financial Group LLC bought a new position in shares of HF Sinclair during the 4th quarter worth about $263,000. Blue Trust Inc. increased its position in HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after buying an additional 2,655 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in HF Sinclair during the 3rd quarter worth approximately $5,927,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Mizuho reduced their price objective on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Barclays reduced their price target 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 lowered their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of "Hold" and an average target price of $50.73.

Remove Ads

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the business's stock in a transaction dated 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 purchase, the chief financial officer now owns 78,927 shares of the company's stock, valued at $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 17,635 shares of company stock worth $632,860 in the last quarter. Insiders own 0.28% of the company's stock.

HF Sinclair Stock Performance

HF Sinclair stock traded down $0.02 during mid-day trading on Wednesday, reaching $31.22. 1,522,443 shares of the company's stock were exchanged, compared to its average volume of 3,242,975. The business's fifty day simple moving average is $35.72 and its 200 day simple moving average is $40.02. 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 Co. has a one year low of $29.85 and a one year high of $64.16. The firm has a market capitalization of $5.88 billion, a PE ratio of 38.07 and a beta of 1.13.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). The business 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%. On average, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 243.90%.

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.