Ensign Peak Advisors Inc Boosts Stock Position in HF Sinclair Co. (NYSE:DINO)

Ensign Peak Advisors Inc raised its stake in shares of HF Sinclair Co. (NYSE:DINO) by 43.8% in the 4th quarter, Holdings Channel reports. The fund owned 84,185 shares of the company’s stock after acquiring an additional 25,636 shares during the quarter. Ensign Peak Advisors Inc’s holdings in HF Sinclair were worth $2,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after acquiring an additional 367 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after buying an additional 390 shares in the last quarter. Evergreen Private Wealth LLC raised its stake in shares of HF Sinclair by 1.5% during the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after buying an additional 392 shares in the last quarter. Finally, IFP Advisors Inc raised its stake 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 worth $58,000 after buying an additional 417 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of DINO stock opened at $37.22 on Friday. The stock has a fifty day moving average price of $31.33 and a 200 day moving average price of $35.33. The stock has a market cap of $7.01 billion, a PE ratio of 45.39 and a beta of 0.81. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $58.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. HF Sinclair’s revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. Sell-side analysts forecast 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 will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.37%. The ex-dividend date is Thursday, May 15th. HF Sinclair’s payout ratio is -259.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DINO. Scotiabank cut their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. TD Cowen increased their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, May 2nd. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $47.00 in a research note on Tuesday. Wells Fargo & Company cut their target price on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Finally, Barclays increased their target price on HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.30.

Insiders Place Their Bets

In related news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

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.