GAMMA Investing LLC Takes $123,000 Position in HF Sinclair Co. (NYSE:DINO)

GAMMA Investing LLC bought a new stake in shares of HF Sinclair Co. (NYSE:DINO) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,183 shares of the company’s stock, valued at approximately $123,000.

Other large investors have also recently made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in shares of HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after purchasing an additional 549 shares during the period. Baystate Wealth Management LLC purchased a new stake in shares of HF Sinclair during the fourth quarter valued at $37,000. Blue Trust Inc. boosted its stake in shares of HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after purchasing an additional 224 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of HF Sinclair during the fourth quarter valued at $56,000. Finally, CWM LLC boosted its stake in shares of HF Sinclair by 18.4% during the third quarter. CWM LLC now owns 2,942 shares of the company’s stock valued at $168,000 after purchasing an additional 458 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of DINO stock opened at $57.31 on Friday. HF Sinclair Co. has a fifty-two week low of $37.12 and a fifty-two week high of $64.16. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 6.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The stock’s 50-day simple moving average is $58.85 and its 200-day simple moving average is $56.37.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 earnings per share. As a group, equities analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a $0.50 dividend. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.49%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio is currently 24.10%.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the sale, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the sale, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the sale, the director now owns 9,828 shares in the company, valued at approximately $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Analyst Ratings Changes

DINO has been the subject of a number of recent analyst reports. Piper Sandler boosted their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Mizuho decreased their price objective on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Barclays began coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. TD Cowen lifted their price objective on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Finally, Scotiabank lifted their price objective on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.