UBS Group AG Increases Stock Position in HF Sinclair Co. (NYSE:DINO)

UBS Group AG increased its holdings in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 66.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 689,061 shares of the company’s stock after purchasing an additional 275,382 shares during the period. UBS Group AG owned 0.38% of HF Sinclair worth $38,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new position in HF Sinclair in the 4th quarter valued at about $30,000. North Star Investment Management Corp. raised its stake 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 worth $31,000 after acquiring an additional 549 shares during the period. Baystate Wealth Management LLC acquired a new stake in HF Sinclair during the fourth quarter worth about $37,000. Blue Trust Inc. raised its stake in HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after acquiring an additional 224 shares during the period. Finally, Fortitude Family Office LLC bought a new position in HF Sinclair in the 4th quarter worth about $56,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 6,500 shares of HF Sinclair stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the transaction, the director now owns 138,293 shares in the company, valued at $7,933,869.41. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction that occurred 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 sale, the director now owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Franklin Myers bought 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The stock was bought at an average price of $57.37 per share, with a total value of $372,905.00. Following the transaction, the director now owns 138,293 shares in the company, valued at $7,933,869.41. The disclosure for this purchase can be found here. 0.28% of the stock is owned by insiders.

HF Sinclair Trading Down 0.4 %

Shares of NYSE:DINO opened at $56.11 on Monday. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 6.94 and a beta of 1.31. HF Sinclair Co. has a 1-year low of $41.09 and a 1-year high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The company has a 50 day moving average price of $58.39 and a 200 day moving average price of $56.55.

HF Sinclair (NYSE:DINOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the firm posted $2.00 earnings per share. On average, research analysts anticipate that HF Sinclair Co. will post 6.14 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a $0.50 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DINO. Piper Sandler decreased their target price on shares of HF Sinclair from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, May 14th. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Mizuho decreased their target price on shares of HF Sinclair from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Barclays assumed coverage on shares of HF Sinclair in a research report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price for the company. Finally, Scotiabank increased their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.92.

Read Our Latest Analysis on HF Sinclair

HF Sinclair Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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