Buckhead Capital Management LLC Sells 372 Shares of HF Sinclair Co. (NYSE:DINO)

Buckhead Capital Management LLC lowered its position in shares of HF Sinclair Co. (NYSE:DINO) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,449 shares of the company’s stock after selling 372 shares during the period. Buckhead Capital Management LLC’s holdings in HF Sinclair were worth $2,970,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DINO. Pacer Advisors Inc. increased its holdings in shares of HF Sinclair by 55.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after buying an additional 1,656,704 shares during the period. Vanguard Group Inc. increased its holdings in HF Sinclair by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock valued at $948,766,000 after purchasing an additional 869,429 shares during the period. Los Angeles Capital Management LLC purchased a new position in HF Sinclair during the 3rd quarter valued at about $41,728,000. Korea Investment CORP increased its holdings in HF Sinclair by 584.0% during the 3rd quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock valued at $16,166,000 after purchasing an additional 242,447 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in HF Sinclair by 27.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company’s stock valued at $59,782,000 after purchasing an additional 230,834 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO traded down $0.62 during midday trading on Wednesday, hitting $53.63. 1,726,887 shares of the company traded hands, compared to its average volume of 2,132,208. The firm has a 50 day moving average of $58.71 and a 200-day moving average of $56.43. HF Sinclair Co. has a 52 week low of $37.12 and a 52 week high of $64.16. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 6.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22.

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 analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 EPS. On average, analysts forecast that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.73%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DINO. Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Piper Sandler boosted their price target on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. UBS Group raised HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Scotiabank boosted their price target 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, TD Cowen boosted their price target 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.42.

Insider Buying and Selling at HF Sinclair

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