Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in HF Sinclair Co. (NYSE:DINO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in HF Sinclair Co. (NYSE:DINO) by 1,445.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 471,640 shares of the company’s stock after purchasing an additional 441,116 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in HF Sinclair were worth $16,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sugar Maple Asset Management LLC purchased a new stake in shares of HF Sinclair in the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after acquiring an additional 558 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair in the third quarter worth $50,000. Coastline Trust Co bought a new position in shares of HF Sinclair during the third quarter valued at $55,000. Finally, 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 purchasing an additional 417 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 0.2 %

HF Sinclair stock opened at $31.17 on Thursday. The stock has a market cap of $5.87 billion, a PE ratio of 38.01 and a beta of 1.13. 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 stock has a fifty day moving average of $35.64 and a 200 day moving average of $39.95. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased 10,635 shares of company stock worth $367,140 in the last three months. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DINO shares. Barclays cut their price objective on shares of 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. TD Cowen reduced their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, Mizuho decreased their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average target price of $50.73.

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.