HF Sinclair Co. (NYSE:DINO) Position Boosted by Thomist Capital Management LP

Thomist Capital Management LP increased its holdings in HF Sinclair Co. (NYSE:DINO) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,158 shares of the company’s stock after buying an additional 6,658 shares during the quarter. HF Sinclair comprises 2.3% of Thomist Capital Management LP’s portfolio, making the stock its 13th largest holding. Thomist Capital Management LP owned about 0.15% of HF Sinclair worth $9,447,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair in the fourth quarter worth approximately $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair in the fourth quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair in the fourth quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its position in shares of 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. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after acquiring an additional 558 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $36.61 on Friday. The company’s fifty day moving average is $31.43 and its two-hundred day moving average is $35.26. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $58.48. The company has a market cap of $6.90 billion, a P/E ratio of 44.65 and a beta of 0.81.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the business posted $0.71 earnings per share. HF Sinclair’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of recent research reports. Scotiabank cut their price objective on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their price objective on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. Morgan Stanley cut their price objective on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Barclays increased their price objective on HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.30.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company 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.