HF Sinclair Co. (NYSE:DINO) Stake Cut by Balentine LLC

Balentine LLC cut its position in shares of HF Sinclair Co. (NYSE:DINO) by 10.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,927 shares of the company’s stock after selling 550 shares during the period. Balentine LLC’s holdings in HF Sinclair were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in HF Sinclair by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock valued at $297,027,000 after buying an additional 98,477 shares during the last quarter. Gotham Asset Management LLC lifted its stake in HF Sinclair by 7.4% in the third 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 during the last quarter. UBS Group AG lifted its stake in HF Sinclair by 26.2% in the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock valued at $23,551,000 after buying an additional 85,993 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in HF Sinclair by 28.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,586 shares of the company’s stock valued at $1,200,000 after buying an additional 4,752 shares during the last quarter. Finally, Spirit of America Management Corp NY bought a new stake in shares of HF Sinclair during the fourth quarter valued at about $1,093,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Down 0.7 %

Shares of HF Sinclair stock opened at $56.51 on Thursday. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 6.99 and a beta of 1.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. HF Sinclair Co. has a 52-week low of $41.09 and a 52-week high of $64.16. The stock has a 50-day simple moving average of $58.49 and a 200-day simple moving average of $56.51.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.16. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 EPS. On average, equities research analysts expect that HF Sinclair Co. will post 6.17 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a $0.50 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $2.00 annualized dividend and a yield of 3.54%. HF Sinclair’s dividend payout ratio (DPR) is currently 24.75%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DINO shares. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $73.00 in a research note on Wednesday, February 14th. Mizuho cut their price objective on shares of HF Sinclair from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Bank of America upgraded shares of 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 note on Friday, March 15th. Finally, Piper Sandler lowered their target price on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, May 14th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $64.92.

Insider Buying and Selling

In related news, Director Franklin Myers bought 6,500 shares of HF Sinclair stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now owns 138,293 shares in the company, valued at $7,933,869.41. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 6,500 shares of the company’s stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the transaction, the director now owns 138,293 shares in the company, valued at $7,933,869.41. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company’s stock.

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.