Xponance Inc. Increases Position in HF Sinclair Co. (NYSE:DINO)

Xponance Inc. raised its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,432 shares of the company’s stock after buying an additional 1,562 shares during the period. Xponance Inc.’s holdings in HF Sinclair were worth $1,135,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of HF Sinclair by 5.5% during the third quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock valued at $948,766,000 after buying an additional 869,429 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of HF Sinclair by 55.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after purchasing an additional 1,656,704 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of HF Sinclair by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 1,842,942 shares of the company’s stock valued at $104,919,000 after purchasing an additional 48,034 shares during the period. Deutsche Bank AG boosted its holdings in shares of HF Sinclair by 13.8% in the third quarter. Deutsche Bank AG now owns 1,709,684 shares of the company’s stock valued at $97,332,000 after purchasing an additional 207,014 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of HF Sinclair by 7.2% in the third quarter. Principal Financial Group Inc. now owns 1,438,028 shares of the company’s stock valued at $81,866,000 after purchasing an additional 96,444 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Scotiabank boosted their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Barclays assumed coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target for the company. Mizuho lowered their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Finally, Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

HF Sinclair Stock Performance

Shares of DINO stock opened at $57.43 on Thursday. The business’s fifty day simple moving average is $58.98 and its 200-day simple moving average is $56.32. The company has a market cap of $11.32 billion, a PE ratio of 6.92 and a beta of 1.28. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 12-month low of $37.12 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.97 earnings per share. Analysts expect that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. HF Sinclair’s dividend payout ratio is presently 24.10%.

Insider Transactions at HF Sinclair

In other news, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

HF Sinclair Profile

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.