CWA Asset Management Group LLC Invests $273,000 in HF Sinclair Co. (NYSE:DINO)

CWA Asset Management Group LLC acquired a new position in HF Sinclair Co. (NYSE:DINO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,125 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co raised its stake in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the period. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair in the third quarter worth about $27,000. Innealta Capital LLC bought a new position in shares of HF Sinclair in the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of HF Sinclair by 201.0% in the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after buying an additional 782 shares during the period. Institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $42.06 on Wednesday. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 26.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a 50 day moving average price of $44.25 and a 200-day moving average price of $49.10. HF Sinclair Co. has a one year low of $38.25 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.06 EPS. Equities analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Piper Sandler decreased their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Morgan Stanley decreased their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Mizuho decreased their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Scotiabank decreased their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.27.

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.