Symphony Financial Ltd. Co. Buys New Shares in HF Sinclair Co. (NYSE:DINO)

Symphony Financial Ltd. Co. bought a new stake in shares of HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,611 shares of the company’s stock, valued at approximately $458,000.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in HF Sinclair by 30.9% in the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after buying an additional 224 shares during the period. Vision Capital Management Inc. grew its holdings in shares of HF Sinclair by 1.1% in the 4th quarter. Vision Capital Management Inc. now owns 66,443 shares of the company’s stock worth $3,692,000 after purchasing an additional 692 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of HF Sinclair by 55.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after purchasing an additional 1,656,704 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of HF Sinclair by 4.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 47,252 shares of the company’s stock worth $2,626,000 after purchasing an additional 2,083 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of HF Sinclair by 0.6% in the 4th quarter. Raymond James & Associates now owns 226,427 shares of the company’s stock worth $12,583,000 after purchasing an additional 1,389 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In other news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers purchased 4,180 shares of HF Sinclair stock in a transaction dated Monday, February 26th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DINO shares. UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Barclays started coverage on shares of 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 increased their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, TD Cowen increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of “Moderate Buy” and an average target price of $65.00.

HF Sinclair Price Performance

DINO stock traded up $0.78 during midday trading on Friday, reaching $60.37. The company had a trading volume of 2,462,638 shares, compared to its average volume of 3,124,326. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 7.27 and a beta of 1.28. The stock has a 50 day moving average price of $57.66 and a 200-day moving average price of $56.05. HF Sinclair Co. has a 1-year low of $37.12 and a 1-year high of $62.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. HF Sinclair’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts expect that HF Sinclair Co. will post 6.22 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, February 23rd. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is currently 24.10%.

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.