Single Point Partners LLC Makes New Investment in HF Sinclair Co. (NYSE:DINO)

Single Point Partners LLC bought a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,324 shares of the company's stock, valued at approximately $1,448,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of HF Sinclair by 4.1% during the 3rd 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 during the period. Aigen Investment Management LP purchased a new stake in shares of HF Sinclair in the 3rd quarter worth approximately $1,253,000. Blue Trust Inc. grew its stake in shares of HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock worth $254,000 after buying an additional 2,655 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of HF Sinclair in the 4th quarter worth approximately $263,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in shares of HF Sinclair in the 3rd quarter worth approximately $5,927,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on DINO shares. Wells Fargo & Company downgraded HF Sinclair from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. 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. Mizuho cut their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Barclays cut their target price on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $51.00.

HF Sinclair Stock Performance

HF Sinclair stock traded up $1.04 during trading on Friday, reaching $37.94. The company had a trading volume of 2,184,249 shares, compared to its average volume of 2,547,821. HF Sinclair Co. has a 52 week low of $33.47 and a 52 week high of $64.16. The firm's 50-day simple moving average is $36.09 and its 200 day simple moving average is $41.76. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 23.38 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 5,000 shares of the business's stock in a transaction on Thursday, December 19th. The stock was acquired 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 approximately $2,665,364.79. This represents a 6.76 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is owned by insiders.

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.