Gallacher Capital Management LLC Has $532,000 Stake in HF Sinclair Co. (NYSE:DINO)

Gallacher Capital Management LLC grew its stake in HF Sinclair Co. (NYSE:DINO) by 92.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,573 shares of the company’s stock after purchasing an additional 4,604 shares during the quarter. Gallacher Capital Management LLC’s holdings in HF Sinclair were worth $532,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Gotham Asset Management LLC lifted its stake in shares of HF Sinclair by 7.4% during the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after buying an additional 7,547 shares in the last quarter. UBS Group AG increased its holdings in HF Sinclair by 26.2% during the 3rd quarter. UBS Group AG now owns 413,679 shares of the company’s stock worth $23,551,000 after acquiring an additional 85,993 shares during the period. Spirit of America Management Corp NY purchased a new position in shares of HF Sinclair during the 4th quarter valued at $1,093,000. Qube Research & Technologies Ltd purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at about $12,135,000. Finally, Nordea Investment Management AB increased its position in shares of HF Sinclair by 127.9% in the fourth quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after purchasing an additional 19,595 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.3 %

Shares of DINO traded up $0.18 during trading hours on Friday, reaching $54.42. 1,688,593 shares of the company traded hands, compared to its average volume of 1,609,879. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month 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 company’s fifty day moving average price is $58.46 and its two-hundred day moving average price is $56.38. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 6.56 and a beta of 1.31.

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, beating 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 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. The business’s revenue was down 14.7% on a year-over-year basis. Equities research analysts predict that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.68%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. HF Sinclair’s dividend payout ratio is presently 24.10%.

Analysts Set New Price Targets

DINO has been the subject of a number of research analyst reports. Scotiabank lifted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Mizuho dropped their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Piper Sandler upped their target price on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Finally, TD Cowen increased their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair 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 directly owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction 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 sale, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s 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 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 owned by corporate insiders.

HF Sinclair Company 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.