Xponance Inc. Has $1.14 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Xponance Inc. boosted its position in HF Sinclair Co. (NYSE:DINO) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,432 shares of the company’s stock after acquiring an additional 1,562 shares during the period. Xponance Inc.’s holdings in HF Sinclair were worth $1,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC boosted its holdings in HF Sinclair by 7.4% in the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after acquiring an additional 7,547 shares in the last quarter. UBS Group AG boosted its holdings in HF Sinclair by 26.2% in the third 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 in the last quarter. Spirit of America Management Corp NY bought a new position in HF Sinclair in the fourth quarter worth approximately $1,093,000. Qube Research & Technologies Ltd bought a new position in HF Sinclair in the third quarter worth approximately $12,135,000. Finally, Nordea Investment Management AB boosted its holdings in 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 acquiring an additional 19,595 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez sold 1,213 shares of the business’s 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 directly owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was 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 owns 9,828 shares of the company’s stock, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

HF Sinclair Stock Performance

NYSE:DINO opened at $57.43 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $64.16. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 6.92 and a beta of 1.28. The business’s fifty day moving average is $58.98 and its 200 day moving average is $56.32.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the previous year, the company posted $2.97 EPS. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Research analysts predict that HF Sinclair Co. will post 6.55 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.48%. 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 payout ratio is presently 24.10%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DINO. Barclays began coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target on the stock. Mizuho dropped their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company raised their target price on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Piper Sandler raised their target price on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $78.00 in a report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus 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.