LPL Financial LLC Acquires 41,743 Shares of HF Sinclair Co. (NYSE:DINO)

LPL Financial LLC raised its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 64.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,950 shares of the company’s stock after purchasing an additional 41,743 shares during the quarter. LPL Financial LLC’s holdings in HF Sinclair were worth $3,749,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC lifted its holdings in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after buying an additional 1,126,825 shares in the last quarter. Amundi raised its stake in shares of HF Sinclair by 132.3% during 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock valued at $193,197,000 after purchasing an additional 617,218 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in HF Sinclair by 1,445.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock worth $16,531,000 after purchasing an additional 441,116 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in HF Sinclair during the 4th quarter worth $8,830,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 5.8 %

HF Sinclair stock opened at $26.95 on Friday. 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 stock has a market cap of $5.08 billion, a PE ratio of 32.87 and a beta of 1.00. The stock has a 50-day moving average of $33.46 and a two-hundred day moving average of $37.56. HF Sinclair Co. has a one year low of $24.66 and a one year high of $61.68.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data 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 net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. On average, research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.42%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DINO shares. Wells Fargo & Company upped their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Barclays dropped their target price 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. TD Cowen reduced their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. Finally, Mizuho reduced their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.50.

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.