American Trust purchased a new position in HF Sinclair Co. (NYSE:DINO – Get Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,690 shares of the company’s stock, valued at approximately $267,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. bought a new position in HF Sinclair during the first quarter worth about $399,000. Maryland State Retirement & Pension System bought a new position in HF Sinclair during the first quarter worth about $452,000. CHURCHILL MANAGEMENT Corp bought a new position in HF Sinclair during the first quarter worth about $11,348,000. Wedge Capital Management L L P NC bought a new position in HF Sinclair during the first quarter worth about $259,000. Finally, Fruth Investment Management bought a new position in HF Sinclair during the first quarter worth about $350,000. 89.58% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other HF Sinclair news, Director Franklin Myers purchased 4,800 shares of the stock in a transaction on Wednesday, August 17th. The shares were purchased at an average price of $51.98 per share, with a total value of $249,504.00. Following the completion of the transaction, the director now directly owns 99,715 shares in the company, valued at $5,183,185.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other HF Sinclair news, SVP Vaishali S. Bhatia sold 10,435 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $54.03, for a total transaction of $563,803.05. Following the transaction, the senior vice president now owns 38,442 shares of the company’s stock, valued at $2,077,021.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Franklin Myers bought 4,800 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was purchased at an average cost of $51.98 per share, for a total transaction of $249,504.00. Following the transaction, the director now directly owns 99,715 shares of the company’s stock, valued at approximately $5,183,185.70. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.
HF Sinclair Stock Performance
HF Sinclair (NYSE:DINO – Get Rating) last released its earnings results on Monday, August 8th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $1.03. The business had revenue of $11.16 billion for the quarter, compared to the consensus estimate of $9.23 billion. HF Sinclair had a return on equity of 20.74% and a net margin of 5.61%. HF Sinclair’s quarterly revenue was up 143.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. As a group, equities analysts predict that HF Sinclair Co. will post 13.67 earnings per share for the current fiscal year.
HF Sinclair Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Wednesday, August 17th. HF Sinclair’s dividend payout ratio (DPR) is presently 20.51%.
Analyst Ratings Changes
Several research firms have weighed in on DINO. Barclays lifted their target price on HF Sinclair from $51.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 16th. Morgan Stanley boosted their price target on HF Sinclair from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, July 15th. The Goldman Sachs Group boosted their price target on HF Sinclair to $57.00 in a report on Tuesday, September 6th. Piper Sandler boosted their price target on HF Sinclair from $62.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, August 24th. Finally, Wells Fargo & Company cut their price target on HF Sinclair from $67.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.25.
About HF Sinclair
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.
- Get a free copy of the StockNews.com research report on HF Sinclair (DINO)
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