Corebridge Financial Inc. Trims Position in HF Sinclair Co. (NYSE:DINO)

Corebridge Financial Inc. decreased its position in shares of HF Sinclair Co. (NYSE:DINO) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,928 shares of the company’s stock after selling 10,842 shares during the quarter. Corebridge Financial Inc. owned approximately 0.10% of HF Sinclair worth $6,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair in the 4th quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of HF Sinclair during the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in HF Sinclair in the third quarter worth approximately $50,000. Finally, Quarry LP grew its position in HF Sinclair by 1,591.3% in the third quarter. Quarry LP now owns 1,353 shares of the company’s stock worth $60,000 after acquiring an additional 1,273 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler set a $46.00 price target on HF Sinclair in a research note on Friday, March 7th. Wells Fargo & Company increased their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Mizuho decreased their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Barclays dropped their target price on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.00.

HF Sinclair Trading Down 0.6 %

NYSE:DINO opened at $33.07 on Friday. The stock has a fifty day moving average price of $35.03 and a 200 day moving average price of $38.83. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.23 billion, a PE ratio of 40.33 and a beta of 1.13. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued 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). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. Sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.05%. HF Sinclair’s payout ratio is currently 243.90%.

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.