Alliancebernstein L.P. Has $41.68 Million Position in HF Sinclair Co. (NYSE:DINO)

Alliancebernstein L.P. cut its position in shares of HF Sinclair Co. (NYSE:DINO) by 10.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,189,021 shares of the company’s stock after selling 140,940 shares during the quarter. Alliancebernstein L.P.’s holdings in HF Sinclair were worth $41,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $27,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in HF Sinclair by 53.9% in the fourth 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 boosted its holdings in HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after purchasing an additional 417 shares during the period. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

DINO stock opened at $27.46 on Friday. The company has a 50 day moving average price of $34.55 and a 200 day moving average price of $38.29. HF Sinclair Co. has a fifty-two week low of $26.02 and a fifty-two week high of $63.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $5.17 billion, a PE ratio of 33.48 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 7.28%. HF Sinclair’s payout ratio is presently 243.90%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Barclays reduced their price target on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Finally, Morgan Stanley dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.50.

Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business’s 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 completion of the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

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.