Orion Portfolio Solutions LLC Sells 7,137 Shares of HF Sinclair Co. (NYSE:DINO)

Orion Portfolio Solutions LLC reduced its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,739 shares of the company’s stock after selling 7,137 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in HF Sinclair were worth $622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DINO. Charles Schwab Investment Management Inc. boosted its holdings in shares of HF Sinclair by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after buying an additional 617,218 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after acquiring an additional 1,126,825 shares during the period. Amundi boosted its stake in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after acquiring an additional 996,155 shares during the last quarter. Norges Bank bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $41,317,000. Finally, JPMorgan Chase & Co. increased its stake in shares of HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 0.1 %

Shares of NYSE:DINO opened at $27.51 on Tuesday. The firm has a fifty day moving average price of $34.36 and a two-hundred day moving average price of $38.09. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 33.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a one year low of $25.79 and a one year high of $63.84.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. Analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on DINO shares. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Wells Fargo & Company increased their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Barclays dropped their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Finally, TD Cowen reduced their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair has an average rating of “Hold” and a consensus price target of $46.50.

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.