Siemens Fonds Invest GmbH Acquires Shares of 2,795 HF Sinclair Co. (NYSE:DINO)

Siemens Fonds Invest GmbH bought a new stake in shares of HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,795 shares of the company’s stock, valued at approximately $98,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its position in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after acquiring an additional 558 shares during the period. 88.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the 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 $5,493,957.90. This trade represents a 3.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

HF Sinclair Stock Performance

NYSE DINO opened at $36.61 on Monday. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $58.48. 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 $6.90 billion, a PE ratio of 44.65 and a beta of 0.81. The company’s 50 day simple moving average is $31.43 and its two-hundred day simple moving average is $35.24.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. Analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio is presently -259.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DINO shares. Barclays increased their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. TD Cowen raised their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, May 2nd. Scotiabank cut their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, Piper Sandler cut their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

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.