Cadence Wealth Management LLC Grows Stock Position in HF Sinclair Co. (NYSE:DINO)

Cadence Wealth Management LLC boosted its position in HF Sinclair Co. (NYSE:DINO) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,430 shares of the company’s stock after buying an additional 885 shares during the quarter. HF Sinclair makes up about 0.4% of Cadence Wealth Management LLC’s holdings, making the stock its 22nd largest position. Cadence Wealth Management LLC’s holdings in HF Sinclair were worth $468,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. North Star Investment Management Corp. grew its position in shares of HF Sinclair by 4,990.9% in the fourth 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 in the last quarter. Baystate Wealth Management LLC purchased a new position in shares of HF Sinclair in the fourth quarter valued at $37,000. Blue Trust Inc. grew its position in shares of HF Sinclair by 30.9% in the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after purchasing an additional 224 shares in the last quarter. Fortitude Family Office LLC purchased a new position in HF Sinclair during the fourth quarter worth about $56,000. Finally, GAMMA Investing LLC purchased a new position in HF Sinclair during the fourth quarter worth about $123,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other HF Sinclair 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 sale, the director now owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on DINO. Barclays began coverage on HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 target price for the company. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Wells Fargo & Company boosted their target price on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Scotiabank boosted their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Finally, UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

HF Sinclair Trading Down 0.6 %

Shares of NYSE DINO traded down $0.35 during midday trading on Friday, reaching $57.31. The company had a trading volume of 1,303,185 shares, compared to its average volume of 1,555,375. HF Sinclair Co. has a one year low of $37.12 and a one year high of $64.16. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $58.85 and its 200-day moving average price is $56.39. The stock has a market cap of $11.30 billion, a PE ratio of 6.90 and a beta of 1.28.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share 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 company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the company posted $2.97 EPS. HF Sinclair’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities research analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Friday, February 23rd. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is 24.10%.

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.