Cerity Partners LLC Makes New $293,000 Investment in HF Sinclair Co. (NYSE:DINO)

Cerity Partners LLC acquired a new position in HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,272 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Coldstream Capital Management Inc. lifted its holdings in shares of HF Sinclair by 2.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company’s stock worth $488,000 after acquiring an additional 223 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of HF Sinclair by 30.9% in the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after acquiring an additional 224 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of HF Sinclair by 2.9% in the 3rd quarter. Resonant Capital Advisors LLC now owns 10,330 shares of the company’s stock worth $588,000 after acquiring an additional 292 shares during the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of HF Sinclair by 1.9% in the 3rd quarter. Aviance Capital Partners LLC now owns 17,000 shares of the company’s stock worth $968,000 after acquiring an additional 323 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of HF Sinclair by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 70,033 shares of the company’s stock worth $3,987,000 after acquiring an additional 345 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DINO. TD Cowen raised their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Mizuho decreased their price objective on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Piper Sandler lifted their price objective on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Scotiabank lifted 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. Finally, 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 report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $65.42.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 4,180 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $58.94 per share, with a total value of $246,369.20. Following the transaction, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Franklin Myers bought 4,180 shares of the company’s stock in a transaction on 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 transaction, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $402,710.00. Following 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. Insiders own 0.28% of the company’s stock.

HF Sinclair Trading Down 0.6 %

NYSE DINO opened at $57.31 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 6.90 and a beta of 1.28. The company’s 50-day simple moving average is $58.85 and its two-hundred day simple moving average is $56.37. HF Sinclair Co. has a one year low of $37.12 and a one year high of $64.16.

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

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.49%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is presently 24.10%.

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.