Twelve Points Wealth Management LLC increased its stake in shares of HF Sinclair Co. (NYSE:DINO – Free Report) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,221 shares of the company’s stock after buying an additional 5,889 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in HF Sinclair were worth $779,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Matrix Trust Co raised its stake in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of HF Sinclair during the third quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of HF Sinclair during the fourth quarter valued at about $27,000. Massmutual Trust Co. FSB ADV raised its stake in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after buying an additional 558 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.
HF Sinclair Stock Performance
HF Sinclair stock opened at $36.30 on Wednesday. HF Sinclair Co. has a fifty-two week low of $33.47 and a fifty-two week high of $64.16. The firm’s 50 day simple moving average is $37.28 and its 200-day simple moving average is $42.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company has a market cap of $6.83 billion, a P/E ratio of 22.41 and a beta of 1.22.
HF Sinclair Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.51%. HF Sinclair’s payout ratio is 123.46%.
Insider Buying and Selling at HF Sinclair
In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 17,000 shares of company stock valued at $628,370 in the last quarter. Company insiders own 0.28% of the company’s stock.
Wall Street Analyst Weigh In
DINO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Scotiabank decreased their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets dropped their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has an average rating of “Hold” and an average target price of $51.00.
Get Our Latest Stock Report on DINO
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.
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