International Assets Investment Management LLC Purchases Shares of 7,335 HF Sinclair Co. (NYSE:DINO)

International Assets Investment Management LLC purchased a new stake in HF Sinclair Co. (NYSE:DINO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,335 shares of the company’s stock, valued at approximately $408,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gotham Asset Management LLC increased its position in shares of HF Sinclair by 7.4% during the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after purchasing an additional 7,547 shares in the last quarter. UBS Group AG increased its position in shares of HF Sinclair by 26.2% during the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock worth $23,551,000 after purchasing an additional 85,993 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $1,093,000. Qube Research & Technologies Ltd acquired a new stake in shares of HF Sinclair during the third quarter worth about $12,135,000. Finally, Nordea Investment Management AB increased its position in shares of HF Sinclair by 127.9% during the fourth quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after purchasing an additional 19,595 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO opened at $57.62 on Friday. HF Sinclair Co. has a twelve month low of $37.12 and a twelve month high of $64.16. The stock’s 50 day moving average is $58.91 and its two-hundred day moving average is $56.33. The firm has a market capitalization of $11.36 billion, a PE ratio of 6.94 and a beta of 1.28. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same period last year, the firm earned $2.97 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. Research analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s dividend payout ratio (DPR) is presently 24.10%.

Insider Activity

In other news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now owns 9,828 shares of the company’s stock, valued at $600,490.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DINO shares. Piper Sandler raised their price target on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. TD Cowen raised their price target on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Barclays started coverage on HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target on the stock. Wells Fargo & Company raised their price target on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Mizuho lowered their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.