TCTC Holdings LLC Purchases 25,200 Shares of HF Sinclair Co. (NYSE:DINO)

TCTC Holdings LLC raised its position in HF Sinclair Co. (NYSE:DINO) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,323,878 shares of the company’s stock after purchasing an additional 25,200 shares during the quarter. HF Sinclair accounts for approximately 15.5% of TCTC Holdings LLC’s portfolio, making the stock its biggest holding. TCTC Holdings LLC owned about 0.07% of HF Sinclair worth $431,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in HF Sinclair by 8.1% in the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after purchasing an additional 626,755 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock valued at $193,197,000 after buying an additional 617,218 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after buying an additional 1,126,825 shares during the last quarter. Amundi boosted its stake 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 acquiring an additional 996,155 shares during the period. Finally, FMR LLC increased its holdings in shares of HF Sinclair by 13.8% during the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after acquiring an additional 141,472 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DINO shares. TD Cowen reduced 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. Morgan Stanley decreased their price target on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays cut their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased 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. Finally, Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and a consensus target price of $47.10.

HF Sinclair Price Performance

HF Sinclair stock opened at $32.36 on Monday. The stock’s fifty day moving average price is $35.50 and its two-hundred day moving average price is $39.68. The firm has a market cap of $6.10 billion, a PE ratio of 39.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16.

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

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.18%. HF Sinclair’s dividend payout ratio is 243.90%.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the purchase, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at $2,665,364.79. This represents a 6.76 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have bought 10,635 shares of company stock valued at $367,140 over the last three months. 0.28% of the stock is owned by insiders.

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.