Twelve Points Wealth Management LLC Purchases 5,889 Shares of HF Sinclair Co. (NYSE:DINO)

Twelve Points Wealth Management LLC grew its holdings in HF Sinclair Co. (NYSE:DINO) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,221 shares of the company’s stock after purchasing an additional 5,889 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in HF Sinclair were worth $779,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Matrix Trust Co boosted its holdings in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair in the third quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair during the fourth quarter worth about $27,000. Massmutual Trust Co. FSB ADV raised its holdings in HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after acquiring an additional 370 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in HF Sinclair in the 3rd quarter valued at approximately $50,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Down 1.5 %

NYSE DINO opened at $36.30 on Wednesday. The stock’s 50 day simple moving average is $37.28 and its 200 day simple moving average is $42.76. 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 Co. has a one year low of $33.47 and a one year high of $64.16. The firm has a market cap of $6.83 billion, a PE ratio of 22.41 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period last year, the company posted $4.06 earnings per share. As a group, sell-side analysts forecast that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio is presently 123.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $45.00 in a report 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 report on Tuesday, December 10th. BMO Capital Markets lowered their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Finally, Scotiabank cut their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Insider Transactions at HF Sinclair

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

About HF Sinclair

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.