IFP Advisors Inc Has $58,000 Stake in HF Sinclair Co. (NYSE:DINO)

IFP Advisors Inc increased its position in HF Sinclair Co. (NYSE:DINO) by 33.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,666 shares of the company’s stock after buying an additional 417 shares during the quarter. IFP Advisors Inc’s holdings in HF Sinclair were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair in the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its position in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after acquiring an additional 558 shares during the period. Millburn Ridgefield Corp acquired a new position in HF Sinclair during the third quarter worth $50,000. Finally, Coastline Trust Co bought a new position in shares of HF Sinclair during the third quarter valued at $55,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 1.5 %

DINO stock opened at $31.57 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. The company has a market cap of $5.95 billion, a P/E ratio of 38.50 and a beta of 1.13. The business has a fifty day moving average of $35.89 and a 200-day moving average of $40.47.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. As a group, equities research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.33%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DINO shares. Barclays lowered their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho decreased their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Finally, TD Cowen dropped their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.00.

Insider Activity at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $33.77 per share, with a total value of $168,850.00. Following the completion of the purchase, the chief financial officer now owns 78,927 shares of the company’s stock, valued at $2,665,364.79. This represents a 6.76 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have acquired 17,635 shares of company stock worth $632,860 over the last ninety days. Company insiders own 0.28% of the company’s stock.

HF Sinclair 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.