Duality Advisers LP Sells 10,422 Shares of HF Sinclair Co. (NYSE:DINO)

Duality Advisers LP reduced its stake in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 12.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,684 shares of the company’s stock after selling 10,422 shares during the period. Duality Advisers LP’s holdings in HF Sinclair were worth $4,261,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Bornite Capital Management LP purchased a new stake in HF Sinclair in the 1st quarter worth about $13,947,000. Advisor Group Holdings Inc. purchased a new position in shares of HF Sinclair in the first quarter worth about $241,000. JPMorgan Chase & Co. bought a new stake in shares of HF Sinclair in the first quarter valued at approximately $13,169,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of HF Sinclair during the 1st quarter valued at approximately $1,823,000. Finally, US Bancorp DE bought a new position in HF Sinclair in the 1st quarter worth approximately $292,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In related news, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Franklin Myers bought 4,180 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the acquisition, the director now owns 131,793 shares in the company, valued at approximately $7,767,879.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares in the company, valued at $1,703,866.01. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.57 during mid-day trading on Friday, hitting $56.85. 1,603,546 shares of the company traded hands, compared to its average volume of 1,555,227. The stock has a fifty day moving average price of $59.09 and a 200-day moving average price of $56.24. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 6.85 and a beta of 1.28. HF Sinclair Co. has a one year low of $37.12 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22.

HF Sinclair (NYSE:DINOGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.72 by $0.15. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company’s revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.97 EPS. On average, equities analysts predict that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were paid a dividend of $0.50 per share. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DINO shares. Scotiabank boosted their target price on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Barclays started coverage on HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective on the stock. Wells Fargo & Company raised their target price on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Mizuho decreased their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, TD Cowen raised their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.42.

View Our Latest Stock Analysis on HF Sinclair

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.

See Also

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

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