HF Sinclair Co. (NYSE:DINO) Shares Purchased by Keynote Financial Services LLC

Keynote Financial Services LLC grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 42.5% in the fourth quarter, HoldingsChannel reports. The fund owned 21,418 shares of the company’s stock after buying an additional 6,389 shares during the quarter. Keynote Financial Services LLC’s holdings in HF Sinclair were worth $751,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Metis Global Partners LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth $360,000. Proficio Capital Partners LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $819,000. Pine Valley Investments Ltd Liability Co increased its stake in HF Sinclair by 118.1% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 289,987 shares of the company’s stock worth $10,164,000 after acquiring an additional 157,001 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock worth $58,000 after purchasing an additional 417 shares during the period. Finally, RWC Asset Management LLP acquired a new position in shares of HF Sinclair in the 4th quarter valued at about $332,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen dropped their target price 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. Mizuho dropped their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, UBS Group cut their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and an average target price of $51.00.

Insider Buying and Selling at HF Sinclair

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,000 shares of company stock worth $612,870 in the last ninety days. 0.28% of the stock is owned by insiders.

HF Sinclair Stock Up 1.1 %

Shares of HF Sinclair stock opened at $35.25 on Friday. 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 1-year low of $33.47 and a 1-year high of $64.16. The business has a 50-day moving average of $36.08 and a 200-day moving average of $40.87. The company has a market capitalization of $6.64 billion, a PE ratio of 42.99 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion for 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, equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 5.67%. HF Sinclair’s dividend payout ratio is presently 243.90%.

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.