Raymond James Financial Inc. Takes $8.83 Million Position in HF Sinclair Co. (NYSE:DINO)

Raymond James Financial Inc. purchased a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 251,929 shares of the company's stock, valued at approximately $8,830,000. Raymond James Financial Inc. owned approximately 0.13% of HF Sinclair as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its stake in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after acquiring an additional 558 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at about $50,000. IFP Advisors Inc boosted its position in shares of HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after acquiring an additional 417 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of HF Sinclair during the third quarter worth about $59,000. 88.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DINO shares. Wells Fargo & Company raised their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. lowered 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 report on Tuesday, December 10th. Barclays cut their target price on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th. Finally, Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, HF Sinclair has an average rating of "Hold" and an average price target of $47.00.

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HF Sinclair Trading Up 0.1 %

Shares of HF Sinclair stock traded up $0.04 during trading on Tuesday, reaching $33.18. 2,264,936 shares of the stock were exchanged, compared to its average volume of 2,195,404. HF Sinclair Co. has a 1 year low of $29.85 and a 1 year high of $64.16. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 40.46 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average is $35.30 and its 200 day moving average is $39.08.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, equities research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now 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 filing with the SEC, which can be accessed through this link. Insiders own 0.28% of the company's stock.

HF Sinclair Company 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.