Wilmington Savings Fund Society FSB Makes New $134,000 Investment in HF Sinclair Co. (NYSE:DINO)

Wilmington Savings Fund Society FSB bought a new stake in HF Sinclair Co. (NYSE:DINO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,012 shares of the company’s stock, valued at approximately $134,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Matrix Trust Co grew its position in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the 3rd quarter valued at $27,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair during the 2nd quarter valued at $34,000. Massmutual Trust Co. FSB ADV increased its stake in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair during the third quarter worth $50,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $33.67 on Friday. The company has a market capitalization of $6.34 billion, a PE ratio of 20.78 and a beta of 1.20. 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 $33.52 and a one year high of $64.16. The company’s fifty day moving average price is $41.06 and its 200 day moving average price is $46.09.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the company posted $4.06 earnings per share. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.94%. HF Sinclair’s dividend payout ratio is 123.46%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DINO shares. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Scotiabank cut their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Barclays reduced their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. BMO Capital Markets dropped their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Finally, UBS Group reduced their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair has an average rating of “Hold” and a consensus target price of $51.45.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 17,000 shares of company stock valued at $628,370. 0.28% of the stock is owned by company insiders.

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.