Amalgamated Bank Raises Stock Position in HF Sinclair Co. (NYSE:DINO)

Amalgamated Bank boosted its position in HF Sinclair Co. (NYSE:DINO) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,840 shares of the company’s stock after purchasing an additional 16,859 shares during the quarter. Amalgamated Bank owned about 0.06% of HF Sinclair worth $6,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. North Star Investment Management Corp. boosted its stake in HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after buying an additional 549 shares during the period. Baystate Wealth Management LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at about $37,000. Blue Trust Inc. grew its holdings in shares of 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. Fortitude Family Office LLC bought a new position in shares of HF Sinclair in the fourth quarter worth approximately $56,000. Finally, GAMMA Investing LLC purchased a new stake in HF Sinclair in the fourth quarter valued at approximately $123,000. 88.29% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Manuel J. Fernandez sold 1,213 shares of the company’s 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 sale, the director now 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 accessible through this link. In other news, Director Franklin Myers purchased 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, for a total transaction of $246,369.20. Following the completion of the acquisition, the director now directly owns 131,793 shares in the company, valued at approximately $7,767,879.42. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction that occurred 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 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. Company insiders own 0.28% of the company’s stock.

HF Sinclair Stock Up 0.3 %

Shares of NYSE DINO opened at $54.42 on Monday. The firm has a fifty day simple moving average of $58.46 and a two-hundred day simple moving average of $56.38. The firm has a market capitalization of $10.73 billion, a PE ratio of 6.56 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $64.16.

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

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, February 23rd. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio is 24.10%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Barclays initiated coverage on HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective on the stock. Piper Sandler boosted their target price on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, TD Cowen lifted 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, HF Sinclair currently has an average 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.