46,444 Shares in HF Sinclair Co. (NYSE:DINO) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in HF Sinclair Co. (NYSE:DINOGet Rating) during the 1st quarter, HoldingsChannel reports. The fund purchased 46,444 shares of the company’s stock, valued at approximately $1,851,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bellwether Advisors LLC purchased a new stake in shares of HF Sinclair in the 1st quarter valued at about $29,000. ForthRight Wealth Management LLC purchased a new stake in shares of HF Sinclair in the 1st quarter valued at about $86,000. Denali Advisors LLC purchased a new stake in shares of HF Sinclair in the 1st quarter valued at about $36,000. Hexagon Capital Partners LLC purchased a new stake in shares of HF Sinclair in the 1st quarter valued at about $60,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of HF Sinclair in the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DINO. JPMorgan Chase & Co. raised their price target on HF Sinclair from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 8th. Barclays increased their price objective on HF Sinclair from $38.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 5th. Piper Sandler increased their price objective on HF Sinclair from $47.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, May 23rd. Cowen upgraded HF Sinclair from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 11th. Finally, Wells Fargo & Company increased their price objective on HF Sinclair from $52.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.13.

HF Sinclair Price Performance

DINO opened at $45.32 on Tuesday. The stock’s 50 day moving average is $47.71. The company has a current ratio of 1.73, a quick ratio of 0.81 and a debt-to-equity ratio of 0.38. HF Sinclair Co. has a 1 year low of $27.76 and a 1 year high of $58.50. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 13.33 and a beta of 1.53.

HF Sinclair (NYSE:DINOGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.96. HF Sinclair had a return on equity of 7.42% and a net margin of 2.55%. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the company earned ($0.53) EPS. HF Sinclair’s revenue for the quarter was up 112.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 10.04 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 2nd. Stockholders of record on Monday, May 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.53%. HF Sinclair’s dividend payout ratio is currently 47.06%.

Insider Transactions at HF Sinclair

In other news, insider Thomas G. Creery sold 10,000 shares of HF Sinclair stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $52.41, for a total value of $524,100.00. Following the sale, the insider now directly owns 148,522 shares in the company, valued at approximately $7,784,038.02. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Richard Lawrence Voliva III sold 82,966 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $50.25, for a total value of $4,169,041.50. Following the completion of the transaction, the chief financial officer now owns 87,395 shares in the company, valued at approximately $4,391,598.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas G. Creery sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $52.41, for a total value of $524,100.00. Following the completion of the transaction, the insider now owns 148,522 shares of the company’s stock, valued at approximately $7,784,038.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,966 shares of company stock worth $5,225,642. 0.42% of the stock is currently owned by insiders.

About HF Sinclair

(Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

Further Reading

Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Co. (NYSE:DINOGet Rating).

Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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