Teza Capital Management LLC Acquires New Shares in HF Sinclair Co. (NYSE:DINO)

Teza Capital Management LLC bought a new position in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,962 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also added to or reduced their stakes in the stock. Merit Financial Group LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at $263,000. HB Wealth Management LLC boosted its stake in HF Sinclair by 7.9% during the fourth quarter. HB Wealth Management LLC now owns 12,600 shares of the company’s stock valued at $442,000 after buying an additional 923 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake 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 buying an additional 558 shares during the period. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the fourth quarter worth about $27,000. Finally, Viking Fund Management LLC increased its stake in HF Sinclair by 33.3% in the 4th quarter. Viking Fund Management LLC now owns 40,000 shares of the company’s stock worth $1,402,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price 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 in the company, valued at approximately $5,493,957.90. The trade was a 3.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Scotiabank lowered their target price on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. TD Cowen boosted their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Mizuho raised shares of HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.30.

HF Sinclair Trading Down 0.6%

DINO stock opened at $36.15 on Wednesday. The company has a market capitalization of $6.81 billion, a PE ratio of 44.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a one year low of $24.66 and a one year high of $57.50. The company’s 50 day moving average price is $31.64 and its two-hundred day moving average price is $35.23.

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

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Thursday, May 15th. HF Sinclair’s dividend payout ratio is -259.74%.

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.