EMC Capital Management Has $400,000 Stock Holdings in HF Sinclair Co. (NYSE:DINO)

EMC Capital Management lowered its stake in HF Sinclair Co. (NYSE:DINO) by 66.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,425 shares of the company’s stock after selling 22,813 shares during the period. EMC Capital Management’s holdings in HF Sinclair were worth $400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highland Capital Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $208,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of HF Sinclair by 10.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 303,967 shares of the company’s stock valued at $10,654,000 after purchasing an additional 29,162 shares in the last quarter. Twelve Points Wealth Management LLC grew its holdings in shares of HF Sinclair by 36.1% during the fourth quarter. Twelve Points Wealth Management LLC now owns 22,221 shares of the company’s stock worth $779,000 after purchasing an additional 5,889 shares during the last quarter. Blue Trust Inc. increased its stake in shares of HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after buying an additional 2,655 shares during the period. Finally, Mutual Advisors LLC raised its holdings in HF Sinclair by 17.8% in the 4th quarter. Mutual Advisors LLC now owns 37,022 shares of the company’s stock valued at $1,360,000 after buying an additional 5,594 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO opened at $37.12 on Thursday. The firm has a market cap of $6.98 billion, a PE ratio of 22.81 and a beta of 1.22. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business’s 50 day moving average price is $37.05 and its two-hundred day moving average price is $42.64.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. On average, equities analysts anticipate that HF Sinclair Co. will post 1.34 EPS for the current year.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 17,000 shares of company stock valued at $628,370. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DINO shares. Scotiabank reduced their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Barclays decreased their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho decreased their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. reduced their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.00.

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.