Coastline Trust Co Invests $55,000 in HF Sinclair Co. (NYSE:DINO)

Coastline Trust Co acquired a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,225 shares of the company’s stock, valued at approximately $55,000.

A number of other large investors have also recently made changes to their positions in DINO. Cetera Advisors LLC purchased a new position in shares of HF Sinclair during the 1st quarter worth $1,146,000. Bayesian Capital Management LP bought a new position in shares of HF Sinclair in the first quarter worth about $785,000. Neo Ivy Capital Management purchased a new position in shares of HF Sinclair during the 2nd quarter valued at about $806,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of HF Sinclair by 22.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company’s stock valued at $13,209,000 after acquiring an additional 40,357 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock worth $40,168,000 after acquiring an additional 660,978 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Down 0.7 %

Shares of DINO opened at $42.18 on Friday. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company’s fifty day moving average is $43.91 and its 200 day moving average is $48.75. The stock has a market capitalization of $7.94 billion, a PE ratio of 26.04 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.06 EPS. Sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DINO. Barclays dropped their price target on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company decreased their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler cut their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Finally, BMO Capital Markets lowered their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.27.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Company 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.