iSAM Funds UK Ltd Cuts Stake in HF Sinclair Co. (NYSE:DINO)

iSAM Funds UK Ltd decreased its holdings in HF Sinclair Co. (NYSE:DINO) by 32.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,409 shares of the company’s stock after selling 6,392 shares during the period. iSAM Funds UK Ltd’s holdings in HF Sinclair were worth $470,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after purchasing an additional 379 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after purchasing an additional 390 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in HF Sinclair by 1.5% in the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after purchasing an additional 392 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in HF Sinclair by 5.8% in the 4th quarter. ProShare Advisors LLC now owns 7,482 shares of the company’s stock worth $262,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DINO. Wells Fargo & Company reduced their target price on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Mizuho raised shares of HF Sinclair from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. TD Cowen upped their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, May 2nd. Barclays upped their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Finally, Morgan Stanley cut their price target on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $43.30.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $36.15 on Wednesday. The firm’s 50 day moving average price is $31.64 and its 200-day moving average price is $35.23. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $57.50. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.81 billion, a PE ratio of 44.09 and a beta of 0.81.

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

HF Sinclair Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

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.