Cwm LLC Decreases Stake in HF Sinclair Co. (NYSE:DINO)

Cwm LLC cut its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,656 shares of the company’s stock after selling 286 shares during the quarter. Cwm LLC’s holdings in HF Sinclair were worth $148,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its holdings in shares of HF Sinclair by 55.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after purchasing an additional 1,656,704 shares during the last quarter. Vanguard Group Inc. lifted its position in HF Sinclair by 5.5% during the third quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock worth $948,766,000 after buying an additional 869,429 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in HF Sinclair during the third quarter worth $41,728,000. Korea Investment CORP grew its holdings in HF Sinclair by 584.0% in the 3rd quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock valued at $16,166,000 after buying an additional 242,447 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in HF Sinclair by 27.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company’s stock valued at $59,782,000 after buying an additional 230,834 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on shares of HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Piper Sandler boosted their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Mizuho cut their price target 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. Barclays initiated coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Finally, TD Cowen increased their price objective on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.42.

HF Sinclair Trading Up 0.3 %

Shares of NYSE DINO opened at $54.42 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $10.73 billion, a PE ratio of 6.56 and a beta of 1.31. HF Sinclair Co. has a twelve month low of $37.12 and a twelve month high of $64.16. The stock has a fifty day simple moving average of $58.46 and a 200-day simple moving average of $56.38.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. The company had revenue of $7.66 billion during 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%. HF Sinclair’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 EPS. On average, equities analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were issued a $0.50 dividend. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 3.68%. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Insider Buying and Selling

In related 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 completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The sale was disclosed in a document filed with the SEC, which is available at 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 completion of the sale, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

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.