HF Sinclair Co. (NYSE:DINO) Shares Purchased by Cadence Wealth Management LLC

Cadence Wealth Management LLC boosted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,554 shares of the company’s stock after acquiring an additional 2,246 shares during the quarter. Cadence Wealth Management LLC’s holdings in HF Sinclair were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its position in HF Sinclair by 6.0% during the 4th quarter. Corient Private Wealth LLC now owns 33,339 shares of the company’s stock worth $1,169,000 after acquiring an additional 1,896 shares during the period. Natixis Advisors LLC lifted its position in HF Sinclair by 15.3% during the 4th quarter. Natixis Advisors LLC now owns 56,953 shares of the company’s stock worth $1,996,000 after acquiring an additional 7,569 shares during the period. Commonwealth Equity Services LLC lifted its position in HF Sinclair by 17.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 30,937 shares of the company’s stock worth $1,084,000 after acquiring an additional 4,643 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after acquiring an additional 1,126,825 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in HF Sinclair during the 4th quarter worth approximately $3,001,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have purchased 10,635 shares of company stock worth $367,140. 0.28% of the stock is owned by insiders.

HF Sinclair Stock Performance

NYSE DINO opened at $33.52 on Tuesday. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The company has a market capitalization of $6.31 billion, a P/E ratio of 40.87 and a beta of 1.13. The business has a 50 day moving average price of $35.48 and a 200 day moving average price of $39.58. 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 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 firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Sell-side analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DINO shares. Barclays decreased their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday. Morgan Stanley cut their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday. Mizuho cut their target price 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. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $47.10.

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.