Adams Asset Advisors LLC Has $11.83 Million Holdings in HF Sinclair Co. (NYSE:DINO)

Adams Asset Advisors LLC decreased its holdings in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,946 shares of the company’s stock after selling 6,546 shares during the quarter. HF Sinclair makes up about 1.5% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Adams Asset Advisors LLC owned 0.10% of HF Sinclair worth $11,829,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in HF Sinclair in the 1st quarter valued at about $26,000. Principal Securities Inc. acquired a new position in shares of HF Sinclair in the fourth quarter valued at $30,000. North Star Investment Management Corp. raised its position in shares of HF Sinclair by 4,990.9% in the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after purchasing an additional 549 shares during the period. Pingora Partners LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $35,000. Finally, Baystate Wealth Management LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth about $37,000. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the subject of several research reports. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Piper Sandler decreased their price target on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Scotiabank lifted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Barclays assumed coverage on shares of HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $64.75.

View Our Latest Report on HF Sinclair

Insider Buying and Selling

In other news, Director Franklin Myers purchased 6,500 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the purchase, the director now owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

NYSE DINO traded up $1.62 on Thursday, hitting $53.76. 813,837 shares of the company’s stock were exchanged, compared to its average volume of 1,980,044. The stock has a 50-day moving average of $55.63 and a 200-day moving average of $56.48. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 6.64 and a beta of 1.25. HF Sinclair Co. has a 52 week low of $42.00 and a 52 week high of $64.16. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the prior year, the company earned $2.00 EPS. HF Sinclair’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts expect that HF Sinclair Co. will post 5.6 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

HF Sinclair Profile

(Free Report)

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.

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

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