Golden State Equity Partners Lowers Position in HF Sinclair Co. (NYSE:DINO)

Golden State Equity Partners reduced its stake in HF Sinclair Co. (NYSE:DINO) by 15.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,277 shares of the company’s stock after selling 1,739 shares during the quarter. Golden State Equity Partners’ holdings in HF Sinclair were worth $516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. North Star Investment Management Corp. grew its stake in HF Sinclair by 4,990.9% in 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 bought a new position in HF Sinclair in the 4th quarter valued at $37,000. Blue Trust Inc. grew its stake 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 purchasing an additional 224 shares during the period. Fortitude Family Office LLC bought a new position in HF Sinclair in the 4th quarter valued at $56,000. Finally, GAMMA Investing LLC bought a new position in HF Sinclair in the 4th quarter valued at $123,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez sold 1,213 shares of the 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 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 Securities & Exchange Commission, which is accessible through the SEC website. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the sale, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers purchased 4,180 shares of the stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the acquisition, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.00 to $73.00 in a research note on Wednesday, February 14th. Piper Sandler increased their price target on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. 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. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, TD Cowen increased their price target on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.42.

HF Sinclair Price Performance

DINO traded down $0.35 during trading on Friday, reaching $57.31. 1,303,185 shares of the company were exchanged, compared to its average volume of 1,555,375. The company’s 50-day moving average is $58.85 and its two-hundred day moving average is $56.36. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 6.91 and a beta of 1.28. The company has a quick ratio of 1.16, a current ratio of 2.22 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.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 EPS. Research analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors 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. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.49%. HF Sinclair’s dividend payout ratio is 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.