Sigma Planning Corp Cuts Position in HF Sinclair Co. (NYSE:DINO)

Sigma Planning Corp cut its holdings in HF Sinclair Co. (NYSE:DINO) by 50.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,685 shares of the company’s stock after selling 3,701 shares during the period. Sigma Planning Corp’s holdings in HF Sinclair were worth $205,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. CWM LLC grew its holdings in HF Sinclair by 18.4% in the third quarter. CWM LLC now owns 2,942 shares of the company’s stock valued at $168,000 after purchasing an additional 458 shares during the period. AE Wealth Management LLC bought a new stake in shares of HF Sinclair during the third quarter valued at about $521,000. State of Alaska Department of Revenue boosted its holdings in shares of HF Sinclair by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 20,171 shares of the company’s stock valued at $1,148,000 after acquiring an additional 1,320 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of HF Sinclair by 154.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 220,649 shares of the company’s stock valued at $12,562,000 after purchasing an additional 133,987 shares during the period. Finally, Xponance Inc. grew its stake in shares of HF Sinclair by 16.9% in the 3rd quarter. Xponance Inc. now owns 18,870 shares of the company’s stock worth $1,074,000 after purchasing an additional 2,731 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays assumed coverage on HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target on the stock. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their price target for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Scotiabank boosted their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. TD Cowen boosted their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Finally, Mizuho cut 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

HF Sinclair Trading Up 0.9 %

Shares of NYSE DINO opened at $57.85 on Tuesday. The company’s fifty day moving average is $58.81 and its 200-day moving average is $56.42. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 6.97 and a beta of 1.28. HF Sinclair Co. has a twelve month low of $37.12 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the firm posted $2.97 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. Equities research analysts predict that HF Sinclair Co. will post 6.55 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a $0.50 dividend. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is currently 24.10%.

Insider Activity

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

HF Sinclair Company 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.