New York Life Investment Management LLC Has $861,000 Stock Position in HF Sinclair Co. (NYSE:DINO)

New York Life Investment Management LLC trimmed its stake in shares of HF Sinclair Co. (NYSE:DINO) by 4.3% during the fourth quarter, Holdings Channel reports. The firm owned 15,487 shares of the company’s stock after selling 694 shares during the period. New York Life Investment Management LLC’s holdings in HF Sinclair were worth $861,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its holdings in HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after purchasing an additional 549 shares in the last quarter. Baystate Wealth Management LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at approximately $37,000. Blue Trust Inc. raised its stake in shares of HF Sinclair by 30.9% in the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after acquiring an additional 224 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at approximately $56,000. Finally, GAMMA Investing LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at approximately $123,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair 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 owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 value of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers purchased 4,180 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was 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 in the company, valued at $7,767,879.42. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DINO. Mizuho cut their target price on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Piper Sandler lifted their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Barclays began coverage on shares of HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price for the company. Finally, UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their target price for the company from $64.00 to $73.00 in a research note on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus target price of $65.42.

HF Sinclair Stock Performance

DINO stock opened at $56.93 on Thursday. The company has a 50 day moving average price of $58.32 and a 200 day moving average price of $56.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. HF Sinclair Co. has a fifty-two week low of $38.49 and a fifty-two week high of $64.16. The stock has a market capitalization of $11.22 billion, a PE ratio of 6.86 and a beta of 1.31.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the business earned $2.97 EPS. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts forecast that HF Sinclair Co. will post 6.55 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Friday, February 23rd. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is currently 24.10%.

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.