Whittier Trust Co. Has $6.46 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Whittier Trust Co. grew its position in HF Sinclair Co. (NYSE:DINO) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,248 shares of the company’s stock after purchasing an additional 2,282 shares during the period. Whittier Trust Co. owned about 0.10% of HF Sinclair worth $6,456,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in HF Sinclair by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Amundi increased its position in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after purchasing an additional 996,155 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of HF Sinclair by 124.9% during the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock valued at $2,216,000 after acquiring an additional 35,121 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of HF Sinclair during the 4th quarter valued at about $263,000. Finally, Blue Trust Inc. increased its holdings in shares of HF Sinclair by 57.9% during the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after acquiring an additional 2,655 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO stock opened at $33.89 on Friday. The stock has a 50 day moving average of $35.43 and a two-hundred day moving average of $39.39. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. The company has a market capitalization of $6.38 billion, a P/E ratio of 41.33 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, equities analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.90%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DINO. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. 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 report on Wednesday, December 18th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Morgan Stanley lowered their price objective on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and an average price target 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.