HF Sinclair Co. (NYSE:DINO) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,577 shares of the company’s stock after buying an additional 4,134 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in HF Sinclair were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DINO. North Star Investment Management Corp. raised its position in HF Sinclair by 4,990.9% in the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares in the last quarter. Baystate Wealth Management LLC bought a new stake in HF Sinclair during the fourth quarter worth approximately $37,000. Blue Trust Inc. grew its position in HF Sinclair by 30.9% in the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after buying an additional 224 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at $56,000. Finally, GAMMA Investing LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $123,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Up 1.4 %

Shares of HF Sinclair stock opened at $57.73 on Friday. The stock has a 50-day simple moving average of $58.36 and a 200-day simple moving average of $56.37. HF Sinclair Co. has a 52-week low of $39.00 and a 52-week high of $64.16. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 6.96 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.55 by $0.16. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. HF Sinclair’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 EPS. On average, equities research analysts expect that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.10%.

Insider Activity

In other news, Director Franklin Myers purchased 4,180 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $58.94 per share, with a total value of $246,369.20. Following the completion of the transaction, the director now directly owns 131,793 shares in the company, valued at approximately $7,767,879.42. The purchase was disclosed in a filing with the SEC, which is available through this link. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair 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 transaction, the director now directly owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Franklin Myers purchased 4,180 shares of HF Sinclair stock in a transaction on Monday, February 26th. The stock was bought at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. 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 upped their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Piper Sandler lifted their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Mizuho reduced their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Finally, TD Cowen lifted their price objective on shares of 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.42.

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.