HF Sinclair Co. (NYSE:DINO) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,858 shares of the company’s stock after selling 35,423 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of HF Sinclair worth $8,494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in HF Sinclair during the fourth quarter worth $30,000. North Star Investment Management Corp. grew its holdings in HF Sinclair by 4,990.9% in 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 during the last quarter. Baystate Wealth Management LLC acquired a new stake in HF Sinclair in the fourth quarter valued at $37,000. Blue Trust Inc. grew its holdings in 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 purchasing an additional 224 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in HF Sinclair in the fourth quarter valued at $56,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Franklin Myers purchased 6,500 shares of the company’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the purchase, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction dated Wednesday, March 20th. The stock was 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 $600,490.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Franklin Myers bought 6,500 shares of the stock in a transaction dated 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 purchase, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by insiders.

HF Sinclair Stock Performance

NYSE DINO opened at $53.72 on Thursday. The business’s 50-day moving average price is $57.41 and its 200 day moving average price is $56.57. HF Sinclair Co. has a twelve month low of $42.00 and a twelve month high of $64.16. The company has a market capitalization of $10.32 billion, a PE ratio of 6.65 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINOGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.16. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 earnings per share. On average, research analysts predict that HF Sinclair Co. will post 6.06 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 21st. This represents a $2.00 annualized dividend and a yield of 3.72%. HF Sinclair’s dividend payout ratio is presently 24.75%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Piper Sandler lowered their target price on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, May 14th. TD Cowen upped their price objective on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Mizuho reduced their price objective on HF Sinclair from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. Finally, Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their price objective for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.92.

Check Out Our Latest Analysis on HF Sinclair

HF Sinclair 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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