Swiss National Bank Reduces Stake in HF Sinclair Co. (NYSE:DINO)

Swiss National Bank decreased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 5.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 458,100 shares of the company’s stock after selling 25,100 shares during the period. Swiss National Bank’s holdings in HF Sinclair were worth $16,056,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new stake in HF Sinclair during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its holdings in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after purchasing an additional 558 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in HF Sinclair during the 3rd quarter worth about $50,000. Finally, IFP Advisors Inc lifted its holdings in HF Sinclair by 33.4% during 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 in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $33.28 on Wednesday. The business’s 50-day moving average price is $35.46 and its 200-day moving average price is $39.47. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. The firm has a market capitalization of $6.27 billion, a PE ratio of 40.58 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. Sell-side 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 given a dividend of $0.50 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.01%. HF Sinclair’s payout ratio is 243.90%.

Insider Buying and Selling

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 10,635 shares of company stock worth $367,140 in the last ninety days. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DINO. Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. TD Cowen lowered their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Barclays lowered their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a 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 on the stock in a report on Friday, March 14th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and a consensus price target of $47.10.

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.