HF Sinclair Co. (NYSE:DINO) Shares Purchased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,023 shares of the company’s stock after purchasing an additional 379 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in HF Sinclair were worth $685,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after acquiring an additional 390 shares in the last quarter. Evergreen Private Wealth LLC grew its position in shares of HF Sinclair by 1.5% in the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after acquiring an additional 392 shares in the last quarter. IFP Advisors Inc grew 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 acquiring an additional 417 shares in the last quarter. Finally, Forum Financial Management LP grew its position in shares of HF Sinclair by 7.2% in the 4th quarter. Forum Financial Management LP now owns 6,345 shares of the company’s stock worth $222,000 after acquiring an additional 424 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DINO. Barclays lifted their target price on HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Scotiabank decreased their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. TD Cowen lifted their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, May 2nd. Finally, Mizuho upgraded HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.30.

Insiders Place Their Bets

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by insiders.

HF Sinclair Trading Down 1.7%

NYSE:DINO opened at $36.61 on Monday. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $58.48. The firm has a market capitalization of $6.90 billion, a P/E ratio of 44.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business has a 50 day simple moving average of $31.43 and a 200 day simple moving average of $35.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.46%. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

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.