HF Sinclair Co. (NYSE:DINO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,049 shares of the company’s stock after selling 3,416 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in HF Sinclair were worth $1,439,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of HF Sinclair by 118.1% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 289,987 shares of the company’s stock worth $10,164,000 after purchasing an additional 157,001 shares during the last quarter. 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 worth $58,000 after buying an additional 417 shares during the period. RWC Asset Management LLP purchased a new position in shares of HF Sinclair in the 4th quarter worth $332,000. South Dakota Investment Council raised its position in shares of HF Sinclair by 26.9% in the 4th quarter. South Dakota Investment Council now owns 251,148 shares of the company’s stock worth $8,803,000 after buying an additional 53,188 shares during the period. Finally, Legacy Capital Group California Inc. raised its position in shares of HF Sinclair by 32.1% in the 4th quarter. Legacy Capital Group California Inc. now owns 23,411 shares of the company’s stock worth $821,000 after buying an additional 5,690 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the topic of several research reports. Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. UBS Group cut their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Finally, Barclays cut their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.00.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 17,000 shares of company stock worth $612,870 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Stock Down 6.3 %

Shares of HF Sinclair stock opened at $33.06 on Tuesday. The business has a 50-day moving average of $36.06 and a 200-day moving average of $40.71. 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 capitalization of $6.23 billion, a PE ratio of 40.32 and a beta of 1.22. HF Sinclair Co. has a 1-year low of $32.86 and a 1-year high of $64.16.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.05%. HF Sinclair’s dividend payout ratio is presently 243.90%.

HF Sinclair 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.