AXQ Capital LP Has $757,000 Stock Holdings in HF Sinclair Co. (NYSE:DINO)

AXQ Capital LP grew its position in HF Sinclair Co. (NYSE:DINO) by 75.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,593 shares of the company’s stock after buying an additional 9,264 shares during the period. AXQ Capital LP’s holdings in HF Sinclair were worth $757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in HF Sinclair by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after buying an additional 367 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock valued at $2,253,000 after buying an additional 390 shares during the period. Evergreen Private Wealth LLC boosted its stake in HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock valued at $938,000 after acquiring an additional 392 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after acquiring an additional 417 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays reduced their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Morgan Stanley lowered their price target on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective 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. TD Cowen lowered 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 note on Wednesday, December 18th. Finally, Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.00.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $33.54 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. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16. The stock’s 50-day moving average is $35.38 and its 200-day moving average is $39.28.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Equities analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

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

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.