Sigma Planning Corp Raises Stake in HF Sinclair Co. (NYSE:DINO)

Sigma Planning Corp increased its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 15.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,309 shares of the company’s stock after buying an additional 844 shares during the period. Sigma Planning Corp’s holdings in HF Sinclair were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Advisors LLC purchased a new stake in shares of HF Sinclair in the 1st quarter worth approximately $1,146,000. Bayesian Capital Management LP purchased a new position in shares of HF Sinclair in the 1st quarter worth about $785,000. Neo Ivy Capital Management bought a new position in HF Sinclair in the 2nd quarter worth about $806,000. Mitsubishi UFJ Trust & Banking Corp grew its position in HF Sinclair by 22.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company’s stock valued at $13,209,000 after purchasing an additional 40,357 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Scotiabank cut their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Mizuho reduced their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Piper Sandler lowered their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Finally, UBS Group reduced their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.27.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by company insiders.

HF Sinclair Trading Down 0.7 %

HF Sinclair stock opened at $42.18 on Friday. HF Sinclair Co. has a 52-week low of $38.25 and a 52-week high of $64.16. The company has a market cap of $7.94 billion, a P/E ratio of 26.04 and a beta of 1.18. 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 business has a 50-day simple moving average of $43.91 and a two-hundred day simple moving average of $48.75.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the business posted $4.06 earnings per share. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. Analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.74%. HF Sinclair’s dividend payout ratio is currently 123.46%.

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.