Centric Wealth Management Buys 2,715 Shares of HF Sinclair Co. (NYSE:DINO)

Centric Wealth Management grew its stake in HF Sinclair Co. (NYSE:DINO) by 9.9% in the fourth quarter, HoldingsChannel reports. The fund owned 30,196 shares of the company’s stock after acquiring an additional 2,715 shares during the period. Centric Wealth Management’s holdings in HF Sinclair were worth $1,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DINO. Pacer Advisors Inc. raised its stake in shares of HF Sinclair by 55.0% during 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 last quarter. Vanguard Group Inc. raised its stake in shares of HF Sinclair by 5.5% during the third quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock worth $948,766,000 after buying an additional 869,429 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of HF Sinclair during the third quarter worth approximately $41,728,000. Korea Investment CORP raised its stake in shares of HF Sinclair by 584.0% during the third quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock worth $16,166,000 after buying an additional 242,447 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in shares of HF Sinclair by 27.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company’s stock worth $59,782,000 after buying an additional 230,834 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Up 3.5 %

Shares of DINO stock traded up $1.92 during trading on Wednesday, reaching $56.77. The company’s stock had a trading volume of 2,073,208 shares, compared to its average volume of 2,118,363. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 6.84 and a beta of 1.31. HF Sinclair Co. has a one year low of $38.49 and a one year high of $64.16. The business has a fifty day moving average price of $58.32 and a 200-day moving average price of $56.36. 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 (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.97 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.50 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. HF Sinclair’s payout ratio is 24.10%.

Insider Transactions at HF Sinclair

In related news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair 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 completion of the transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value 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 disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen boosted their price objective 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. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Scotiabank boosted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $78.00 in a report on Friday, March 15th. Finally, Barclays assumed coverage on shares of HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.42.

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.