Treasurer of the State of North Carolina Sells 1,010 Shares of HF Sinclair Co. (NYSE:DINO)

Treasurer of the State of North Carolina cut its stake in shares of HF Sinclair Co. (NYSE:DINO) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,987 shares of the company’s stock after selling 1,010 shares during the period. Treasurer of the State of North Carolina’s holdings in HF Sinclair were worth $2,383,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new stake in HF Sinclair in the 4th quarter worth $27,000. Lee Danner & Bass Inc. bought a new stake in 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 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after purchasing an additional 558 shares during the period. Finally, IFP Advisors Inc grew its holdings in HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after buying an additional 417 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

HF Sinclair Stock Up 4.5 %

NYSE:DINO opened at $29.02 on Friday. The company has a 50-day moving average of $32.53 and a 200 day moving average of $37.02. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The firm has a market cap of $5.47 billion, a PE ratio of 35.39 and a beta of 1.00. 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 (NYSE:DINO) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. As a group, research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.89%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of research reports. Mizuho dropped their target price on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company lifted their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Barclays cut their price target on HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.10.

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.