Metis Global Partners LLC Acquires New Position in HF Sinclair Co. (NYSE:DINO)

Metis Global Partners LLC bought a new position in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,268 shares of the company’s stock, valued at approximately $360,000.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in HF Sinclair in the third quarter worth approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair in the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB grew its position 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 bought a new stake in HF Sinclair in the third quarter worth approximately $50,000. Finally, Coastline Trust Co bought a new stake in HF Sinclair in the third quarter worth approximately $55,000. 88.29% of the stock is owned by institutional investors.

Insider Activity

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the purchase, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders acquired 17,635 shares of company stock worth $632,860. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD Cowen decreased their target price 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. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Mizuho reduced their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Barclays reduced 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 research note on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.00.

HF Sinclair Price Performance

NYSE:DINO opened at $31.16 on Thursday. The stock has a market cap of $5.87 billion, a P/E ratio of 37.99 and a beta of 1.22. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16. The company has a fifty day moving average price of $35.94 and a 200 day moving average price of $40.53. 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 released its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share 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 paid a $0.50 dividend. 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 dividend payout ratio is 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.