Bank of Montreal Can Has $947,000 Position in HF Sinclair Co. (NYSE:DINO)

Bank of Montreal Can cut its holdings in HF Sinclair Co. (NYSE:DINO) by 87.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,017 shares of the company’s stock after selling 194,869 shares during the quarter. Bank of Montreal Can’s holdings in HF Sinclair were worth $947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in HF Sinclair by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after buying an additional 367 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after buying an additional 390 shares during the period. Evergreen Private Wealth LLC increased its stake in shares of HF Sinclair by 1.5% in the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock valued at $938,000 after acquiring an additional 392 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after acquiring an additional 417 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 4.5 %

Shares of HF Sinclair stock opened at $29.02 on Friday. The firm has a market cap of $5.47 billion, a PE ratio of 35.39 and a beta of 1.00. The business’s 50 day simple moving average is $32.35 and its 200 day simple moving average is $36.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.73.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. On average, analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. HF Sinclair’s dividend payout ratio is 243.90%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday. Mizuho decreased their price target on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Scotiabank dropped their price objective on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company boosted their target price on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Finally, Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.10.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by corporate insiders.

About HF Sinclair

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.