Mutual of America Capital Management LLC Acquires 2,162 Shares of HF Sinclair Co. (NYSE:DINO)

Mutual of America Capital Management LLC lifted its position in HF Sinclair Co. (NYSE:DINO) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,761 shares of the company’s stock after acquiring an additional 2,162 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of HF Sinclair worth $5,377,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DINO. North Star Investment Management Corp. increased its position in HF Sinclair by 4,990.9% during the 4th 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. Parkside Financial Bank & Trust purchased a new position in HF Sinclair during the 1st quarter valued at about $36,000. Ronald Blue Trust Inc. increased its position in HF Sinclair by 200.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 726 shares of the company’s stock valued at $41,000 after purchasing an additional 484 shares during the period. Lazard Asset Management LLC purchased a new position in HF Sinclair during the 1st quarter valued at about $52,000. Finally, Blue Trust Inc. increased its position in HF Sinclair by 30.9% during the 4th 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. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler raised their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Barclays started coverage on shares of HF Sinclair in a research report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Finally, Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.50.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at $1,703,866.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

HF Sinclair Trading Down 1.6 %

Shares of DINO stock opened at $60.00 on Monday. The company’s 50-day moving average price is $59.15 and its 200-day moving average price is $56.18. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 7.23 and a beta of 1.28. HF Sinclair Co. has a twelve month low of $37.12 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. HF Sinclair’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.97 earnings per share. As a group, equities analysts predict that HF Sinclair Co. will post 6.46 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Friday, February 23rd. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio is currently 24.10%.

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.