HF Sinclair Co. (NYSE:DINO) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in HF Sinclair Co. (NYSE:DINO) by 18.2% in the 4th quarter, Holdings Channel reports. The fund owned 16,239 shares of the company’s stock after selling 3,606 shares during the period. PNC Financial Services Group Inc.’s holdings in HF Sinclair were worth $569,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of HF Sinclair in the 4th quarter valued at approximately $27,000. Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $50,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $59,000. Quarry LP lifted its position in shares of HF Sinclair by 1,591.3% in the 3rd quarter. Quarry LP now owns 1,353 shares of the company’s stock valued at $60,000 after acquiring an additional 1,273 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of HF Sinclair by 68.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $33.28 on Wednesday. The company’s fifty day moving average is $35.46 and its 200-day moving average is $39.47. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 40.58 and a beta of 1.13. 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 (NYSE:DINO) last announced its quarterly 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 analyst estimates of $6.56 billion. Equities analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Analyst Upgrades and Downgrades

DINO has been the subject of several research analyst reports. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. TD Cowen dropped their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Mizuho dropped 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. Morgan Stanley dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Finally, Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.10.

Insider Buying and Selling

In other news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders bought 10,635 shares of company stock valued at $367,140. Company insiders own 0.28% of the company’s stock.

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.