Stevens Capital Management LP Makes New Investment in HF Sinclair Co. (NYSE:DINO)

Stevens Capital Management LP purchased a new position in HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,231 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DINO. LPL Financial LLC raised its holdings in HF Sinclair by 64.0% during the fourth quarter. LPL Financial LLC now owns 106,950 shares of the company’s stock valued at $3,749,000 after acquiring an additional 41,743 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of HF Sinclair during the fourth quarter worth about $800,000. KLP Kapitalforvaltning AS bought a new stake in HF Sinclair during the 4th quarter valued at approximately $7,031,000. AXQ Capital LP lifted its holdings in HF Sinclair by 75.1% in the 4th quarter. AXQ Capital LP now owns 21,593 shares of the company’s stock worth $757,000 after purchasing an additional 9,264 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in HF Sinclair by 237.3% in the 4th quarter. Virtu Financial LLC now owns 22,536 shares of the company’s stock worth $790,000 after purchasing an additional 15,855 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction 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 purchase, the director now directly owns 154,065 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DINO shares. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday. Morgan Stanley reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Piper Sandler set a $46.00 target price on HF Sinclair in a report on Friday, March 7th. Finally, TD Cowen dropped their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $47.00.

HF Sinclair Price Performance

HF Sinclair stock opened at $33.16 on Tuesday. The firm has a market capitalization of $6.25 billion, a PE ratio of 40.44 and a beta of 1.13. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16. The firm has a 50-day moving average price of $35.30 and a 200-day moving average price of $39.08. 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 (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. As a group, equities research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio is presently 243.90%.

About HF Sinclair

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.