Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in HF Sinclair Co. (NYSE:DINO)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 1,445.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 471,640 shares of the company's stock after purchasing an additional 441,116 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.25% of HF Sinclair worth $16,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its position in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of HF Sinclair during the third quarter valued at about $50,000. Coastline Trust Co bought a new stake in shares of HF Sinclair during the third quarter worth about $55,000. Finally, IFP Advisors Inc increased its stake in shares of HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after buying an additional 417 shares during the period. Institutional investors own 88.29% of the company's stock.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders bought 10,635 shares of company stock worth $367,140. Insiders own 0.28% of the company's stock.

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HF Sinclair Trading Down 0.1 %

Shares of HF Sinclair stock traded down $0.03 on Thursday, hitting $31.05. 3,226,049 shares of the company's stock traded hands, compared to its average volume of 3,268,976. The company has a fifty day moving average of $35.56 and a two-hundred day moving average of $39.89. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 37.87 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. As a group, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date is Thursday, March 6th. HF Sinclair's payout ratio is 243.90%.

Analysts Set New Price Targets

Several research firms recently commented on DINO. Wells Fargo & Company downgraded shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. cut their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. TD Cowen decreased their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Barclays lowered their target price on 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. Finally, Mizuho reduced their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and an average target price of $50.73.

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.