7,335 Shares in HF Sinclair Co. (NYSE:DINO) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of HF Sinclair Co. (NYSE:DINO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,335 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC grew its position in HF Sinclair by 18.4% in the 3rd quarter. CWM LLC now owns 2,942 shares of the company’s stock worth $168,000 after purchasing an additional 458 shares during the last quarter. AE Wealth Management LLC bought a new position in HF Sinclair in the 3rd quarter worth about $521,000. State of Alaska Department of Revenue grew its position in HF Sinclair by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 20,171 shares of the company’s stock worth $1,148,000 after purchasing an additional 1,320 shares during the last quarter. Oak Thistle LLC bought a new position in HF Sinclair in the 3rd quarter worth about $530,000. Finally, Denali Advisors LLC grew its position in HF Sinclair by 33.3% in the 3rd quarter. Denali Advisors LLC now owns 8,957 shares of the company’s stock worth $510,000 after purchasing an additional 2,236 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Mizuho decreased their price objective on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 15th. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Finally, TD Cowen increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.42.

HF Sinclair Stock Up 0.3 %

Shares of NYSE:DINO opened at $57.62 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The company has a market cap of $11.36 billion, a PE ratio of 6.94 and a beta of 1.28. HF Sinclair Co. has a 52 week low of $37.12 and a 52 week high of $64.16. The firm has a 50 day simple moving average of $58.91 and a 200 day simple moving average of $56.33.

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

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. 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. HF Sinclair’s dividend payout ratio is 24.10%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 4,180 shares of HF Sinclair stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the transaction, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Franklin Myers bought 4,180 shares of the business’s stock in a transaction on Monday, February 26th. The stock was bought at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the transaction, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

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.