Ferguson Wellman Capital Management Inc. Lowers Stake in HF Sinclair Co. (NYSE:DINO)

Ferguson Wellman Capital Management Inc. reduced its position in shares of HF Sinclair Co. (NYSE:DINO) by 91.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,988 shares of the company’s stock after selling 316,236 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in HF Sinclair were worth $1,051,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. CWM LLC lifted its stake in HF Sinclair by 43.5% in the 3rd quarter. CWM LLC now owns 14,625 shares of the company’s stock valued at $652,000 after buying an additional 4,434 shares in the last quarter. CX Institutional purchased a new position in HF Sinclair in the 3rd quarter valued at about $4,139,000. Creative Planning lifted its stake in HF Sinclair by 20.1% in the 3rd quarter. Creative Planning now owns 56,938 shares of the company’s stock valued at $2,538,000 after buying an additional 9,519 shares in the last quarter. Paragon Capital Management Inc. lifted its stake in HF Sinclair by 5.8% in the 3rd quarter. Paragon Capital Management Inc. now owns 35,284 shares of the company’s stock valued at $1,573,000 after buying an additional 1,920 shares in the last quarter. Finally, Twelve Points Wealth Management LLC lifted its stake in HF Sinclair by 12.5% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 16,332 shares of the company’s stock valued at $728,000 after buying an additional 1,817 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 3.8 %

Shares of NYSE DINO opened at $37.64 on Tuesday. The company has a 50 day simple moving average of $36.35 and a 200-day simple moving average of $42.01. The company has a market capitalization of $7.08 billion, a P/E ratio of 23.23 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 1 year low of $33.47 and a 1 year high of $64.16.

Analyst Ratings Changes

DINO has been the topic of a number of research reports. JPMorgan Chase & Co. decreased 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 note on Tuesday, December 10th. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Mizuho cut their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Barclays cut their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the acquisition, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.