HF Sinclair Co. (NYSE:DINO) Holdings Cut by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its holdings in HF Sinclair Co. (NYSE:DINOFree Report) by 33.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,048 shares of the company’s stock after selling 25,209 shares during the period. Kennedy Capital Management LLC’s holdings in HF Sinclair were worth $2,906,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DINO. Burney Co. acquired a new stake in shares of HF Sinclair in the second quarter valued at approximately $236,000. Gotham Asset Management LLC increased its stake in shares of HF Sinclair by 7.4% in the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after purchasing an additional 7,547 shares during the period. UBS Group AG increased its stake in shares of HF Sinclair by 26.2% in the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock valued at $23,551,000 after purchasing an additional 85,993 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of HF Sinclair by 3.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,895 shares of the company’s stock valued at $620,000 after purchasing an additional 488 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of HF Sinclair in the third quarter valued at approximately $12,135,000. Institutional investors own 89.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DINO. TD Cowen raised their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price objective for the company from $64.00 to $73.00 in a research note on Wednesday, February 14th. Finally, Barclays started coverage on shares of HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.09.

Check Out Our Latest Report on DINO

Insider Activity

In other news, Director James H. Lee sold 2,643 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $52.30, for a total transaction of $138,228.90. Following the completion of the transaction, the director now owns 65,919 shares of the company’s stock, valued at $3,447,563.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James H. Lee sold 2,643 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $52.30, for a total transaction of $138,228.90. Following the completion of the transaction, the director now owns 65,919 shares of the company’s stock, valued at $3,447,563.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers acquired 4,180 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $58.94 per share, with a total value of $246,369.20. Following the transaction, the director now directly owns 131,793 shares of the company’s stock, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. 0.35% of the stock is owned by company insiders.

HF Sinclair Trading Down 1.5 %

HF Sinclair stock opened at $56.34 on Friday. The stock has a market cap of $10.71 billion, a P/E ratio of 6.79, a P/E/G ratio of 1.16 and a beta of 1.28. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $62.20. The company’s fifty day simple moving average is $56.08 and its 200-day simple moving average is $55.78.

HF Sinclair (NYSE:DINOGet Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 EPS. As a group, sell-side analysts forecast that HF Sinclair Co. will post 6.27 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio is currently 24.10%.

HF Sinclair Company Profile

(Free Report)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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