Whittier Trust Co. of Nevada Inc. Purchases 18,154 Shares of HF Sinclair Co. (NYSE:DINO)

Whittier Trust Co. of Nevada Inc. raised its position in shares of HF Sinclair Co. (NYSE:DINO) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,206 shares of the company’s stock after acquiring an additional 18,154 shares during the period. Whittier Trust Co. of Nevada Inc. owned approximately 0.06% of HF Sinclair worth $4,002,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after acquiring an additional 33,373 shares during the period. Amundi increased its holdings in shares of HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after purchasing an additional 996,155 shares during the period. Aigen Investment Management LP raised its position in shares of HF Sinclair by 124.9% during the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock valued at $2,216,000 after buying an additional 35,121 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of HF Sinclair in the fourth quarter valued at about $263,000. Finally, Blue Trust Inc. grew its position in HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after buying an additional 2,655 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

NYSE:DINO opened at $33.54 on Friday. The stock has a market capitalization of $6.32 billion, a P/E ratio of 40.90 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 1 year low of $29.85 and a 1 year high of $64.16. The firm has a 50 day moving average of $35.38 and a 200-day moving average of $39.28.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.96%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is presently 243.90%.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DINO. Wells Fargo & Company raised their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday. TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley lowered their price target on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.00.

HF Sinclair Company 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.