King Luther Capital Management Corp Increases Stake in HF Sinclair Co. (NYSE:DINO)

King Luther Capital Management Corp lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,018 shares of the company’s stock after buying an additional 194 shares during the quarter. King Luther Capital Management Corp’s holdings in HF Sinclair were worth $3,557,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DINO. Principal Securities Inc. acquired a new position in shares of HF Sinclair during the 4th quarter worth about $30,000. North Star Investment Management Corp. boosted its holdings 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 valued at $31,000 after purchasing an additional 549 shares in the last quarter. Baystate Wealth Management LLC purchased a new position in HF Sinclair in the fourth quarter valued at approximately $37,000. Blue Trust Inc. raised its holdings in HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after purchasing an additional 224 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of HF Sinclair during the 4th quarter worth approximately $56,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The stock was 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 $1,703,866.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction that occurred 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 completion of 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 filing with the SEC, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the company’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 approximately $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho cut their price target 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. Piper Sandler cut their target price on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 14th. TD Cowen upped their target price on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Scotiabank lifted 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, UBS Group upgraded 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 research note on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.92.

HF Sinclair Stock Performance

HF Sinclair stock traded up $0.20 during trading hours on Thursday, reaching $56.72. 117,613 shares of the stock were exchanged, compared to its average volume of 2,058,048. HF Sinclair Co. has a 52-week low of $41.09 and a 52-week high of $64.16. The stock has a market cap of $10.90 billion, a P/E ratio of 6.99 and a beta of 1.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The firm’s 50 day moving average is $58.49 and its 200 day moving average is $56.51.

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

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

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.