Sigma Planning Corp Has $205,000 Holdings in HF Sinclair Co. (NYSE:DINO)

Sigma Planning Corp reduced its stake in HF Sinclair Co. (NYSE:DINO) by 50.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,685 shares of the company’s stock after selling 3,701 shares during the period. Sigma Planning Corp’s holdings in HF Sinclair were worth $205,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC grew its stake in shares of HF Sinclair by 7.4% during the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after buying an additional 7,547 shares during the last quarter. UBS Group AG boosted its holdings in HF Sinclair by 26.2% during the 3rd 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 during the last quarter. Spirit of America Management Corp NY bought a new stake in HF Sinclair in the 4th quarter worth about $1,093,000. Qube Research & Technologies Ltd purchased a new stake in HF Sinclair during the third quarter worth about $12,135,000. Finally, Nordea Investment Management AB grew its stake in shares of HF Sinclair by 127.9% during the 4th 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 during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $57.85 on Tuesday. The firm has a fifty day moving average price of $58.81 and a 200 day moving average price of $56.42. HF Sinclair Co. has a fifty-two week low of $37.12 and a fifty-two week high of $64.16. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 6.97 and a beta of 1.28. 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 (NYSE:DINO) last announced its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. The firm had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.97 EPS. As a group, sell-side analysts expect that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, February 23rd. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is 24.10%.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the transaction, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DINO. TD Cowen boosted their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Scotiabank lifted their price objective on 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 increased their target price on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. 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. Finally, Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their price target for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.