Highland Capital Management LLC Takes $208,000 Position in HF Sinclair Co. (NYSE:DINO)

Highland Capital Management LLC purchased a new position in shares of HF Sinclair Co. (NYSE:DINO) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,936 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 33,373 shares in the last quarter. Aigen Investment Management LP purchased a new position in HF Sinclair in the 3rd quarter worth approximately $1,253,000. Merit Financial Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $263,000. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of HF Sinclair during the third quarter valued at approximately $5,927,000. Finally, River Road Asset Management LLC lifted its position in shares of HF Sinclair by 3.4% during the third quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock worth $34,312,000 after purchasing an additional 25,041 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The acquisition 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 corporate insiders.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $36.00 on Friday. 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 firm’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $42.59. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The stock has a market capitalization of $6.77 billion, a P/E ratio of 22.22 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the business posted $4.06 EPS. As a group, sell-side analysts forecast that HF Sinclair Co. will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DINO shares. TD Cowen decreased their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Scotiabank decreased their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. UBS Group cut their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Mizuho dropped their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and a consensus price target of $51.00.

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.