Asset Management One Co. Ltd. Cuts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Asset Management One Co. Ltd. lowered its holdings in HF Sinclair Co. (NYSE:DINO) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,039 shares of the company’s stock after selling 337 shares during the period. Asset Management One Co. Ltd.’s holdings in HF Sinclair were worth $1,850,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock valued at $2,253,000 after purchasing an additional 390 shares during the last quarter. Signaturefd LLC raised its position in shares of HF Sinclair by 10.1% during the 3rd quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock worth $191,000 after buying an additional 392 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after buying an additional 558 shares in the last quarter. Finally, Mediolanum International Funds Ltd raised its position in shares of HF Sinclair by 4.8% during the 3rd quarter. Mediolanum International Funds Ltd now owns 12,798 shares of the company’s stock worth $579,000 after buying an additional 591 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DINO. UBS Group lowered their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $53.00 to $45.00 in a report on Monday, December 9th. 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 research report on Monday, January 13th. Mizuho lowered their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. 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 investment 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 a consensus rating of “Hold” and an average price target of $51.00.

HF Sinclair Stock Performance

NYSE:DINO opened at $37.83 on Thursday. HF Sinclair Co. has a 1 year low of $33.47 and a 1 year high of $64.16. The firm has a 50 day moving average of $36.02 and a 200-day moving average of $41.37. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $7.12 billion, a P/E ratio of 23.35 and a beta of 1.22.

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.