Jackson Hole Capital Partners LLC Raises Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Jackson Hole Capital Partners LLC raised its stake in shares of HF Sinclair Co. (NYSE:DINO) by 13.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 33,317 shares of the company’s stock after buying an additional 3,890 shares during the period. Jackson Hole Capital Partners LLC’s holdings in HF Sinclair were worth $1,851,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. North Star Investment Management Corp. raised its stake in shares of 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 buying an additional 549 shares during the last quarter. Baystate Wealth Management LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $37,000. Ronald Blue Trust Inc. raised its stake in shares of 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 buying an additional 484 shares during the last quarter. Blue Trust Inc. raised its stake in shares of HF Sinclair by 30.9% during 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 last quarter. Finally, Fortitude Family Office LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays started coverage on HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective for the company. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price target for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Mizuho cut their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Scotiabank lifted their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price target on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.42.

HF Sinclair Price Performance

DINO stock traded up $0.19 during trading on Thursday, hitting $57.62. The stock had a trading volume of 1,755,525 shares, compared to its average volume of 2,150,008. 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 Co. has a twelve month low of $37.12 and a twelve month high of $64.16. The stock has a market capitalization of $11.36 billion, a P/E ratio of 6.94 and a beta of 1.28. The company’s 50-day moving average price is $58.91 and its two-hundred day moving average price is $56.33.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) 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 company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the firm posted $2.97 EPS. HF Sinclair’s revenue was down 14.7% compared to the same quarter last year. As a group, research analysts predict that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were issued 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 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Friday, February 23rd. HF Sinclair’s payout ratio is currently 24.10%.

Insider Transactions at HF Sinclair

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

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.