HF Sinclair Co. (NYSE:DINO) Shares Bought by Fractal Investments LLC

Fractal Investments LLC increased its holdings in HF Sinclair Co. (NYSE:DINO) by 304.5% during the fourth quarter, Holdings Channel reports. The firm owned 20,223 shares of the company’s stock after purchasing an additional 15,223 shares during the period. HF Sinclair makes up 0.2% of Fractal Investments LLC’s portfolio, making the stock its 21st largest holding. Fractal Investments LLC’s holdings in HF Sinclair were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. North Star Investment Management Corp. raised its stake in HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after purchasing an additional 549 shares during the period. Baystate Wealth Management LLC acquired a new stake in HF Sinclair during the 4th quarter worth about $37,000. Ronald Blue Trust Inc. grew its stake in HF Sinclair by 200.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 726 shares of the company’s stock valued at $41,000 after acquiring an additional 484 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 224 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at about $56,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DINO. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $78.00 in a research report on Friday, March 15th. TD Cowen upped their target price on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Barclays began coverage on HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target for the company. Piper Sandler raised their price objective on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Mizuho decreased their target price on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.42.

HF Sinclair Stock Performance

DINO traded down $0.03 during trading on Wednesday, hitting $57.43. The stock had a trading volume of 1,270,005 shares, compared to its average volume of 2,155,002. The firm has a market cap of $11.32 billion, a PE ratio of 6.92 and a beta of 1.28. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $64.16. The company has a 50 day simple moving average of $58.98 and a 200-day simple moving average of $56.32.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the firm earned $2.97 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. Analysts expect that HF Sinclair Co. will post 6.55 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.48%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s dividend payout ratio is currently 24.10%.

Insider Buying and Selling

In other news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

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.