Signaturefd LLC Trims Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Signaturefd LLC lessened its position in shares of HF Sinclair Co. (NYSE:DINO) by 39.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,602 shares of the company’s stock after selling 1,673 shares during the quarter. Signaturefd LLC’s holdings in HF Sinclair were worth $91,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC increased its stake in shares of HF Sinclair by 6.0% in the fourth 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 boosted its holdings in HF Sinclair by 15.3% in the fourth quarter. Natixis Advisors LLC now owns 56,953 shares of the company’s stock valued at $1,996,000 after purchasing an additional 7,569 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in HF Sinclair by 17.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 30,937 shares of the company’s stock valued at $1,084,000 after purchasing an additional 4,643 shares during the last quarter. Thompson Siegel & Walmsley LLC grew 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 purchasing an additional 1,126,825 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $3,001,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DINO. Wells Fargo & Company upped their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday. 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 research report on Friday, March 14th. Barclays cut their target price on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a report on Friday, March 7th. Finally, Mizuho cut 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. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $47.00.

HF Sinclair Stock Performance

NYSE:DINO opened at $33.54 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a market capitalization of $6.32 billion, a PE ratio of 40.90 and a beta of 1.13. HF Sinclair Co. has a fifty-two week low of $29.85 and a fifty-two week high of $64.16. The company has a fifty day moving average of $35.38 and a two-hundred day moving average of $39.17.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. As a group, research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio is presently 243.90%.

Insider Transactions at HF Sinclair

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

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.