Sugar Maple Asset Management LLC Invests $27,000 in HF Sinclair Co. (NYSE:DINO)

Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 756 shares of the company’s stock, valued at approximately $27,000.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after acquiring an additional 626,755 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in HF Sinclair by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after buying an additional 165,313 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of HF Sinclair by 11.7% during the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after buying an additional 175,925 shares during the last quarter. Finally, FMR LLC increased its position in shares of HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock valued at $52,023,000 after acquiring an additional 141,472 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

DINO has been the topic of several recent analyst reports. Scotiabank cut their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Barclays reduced their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. TD Cowen lowered their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Mizuho decreased their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, UBS Group dropped their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.00.

Insider Buying and Selling

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have acquired 17,000 shares of company stock valued at $628,370. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $36.31 on Wednesday. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16. The stock has a market cap of $6.83 billion, a P/E ratio of 22.41 and a beta of 1.22. The stock’s fifty day moving average is $37.90 and its 200 day moving average is $43.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the prior year, the company posted $4.06 earnings per share. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair Co. will post 1.45 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

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.