Bryce Point Capital LLC Purchases Shares of 62,965 HF Sinclair Co. (NYSE:DINO)

Bryce Point Capital LLC acquired a new position in HF Sinclair Co. (NYSE:DINO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 62,965 shares of the company’s stock, valued at approximately $2,207,000. HF Sinclair accounts for approximately 0.6% of Bryce Point Capital LLC’s investment portfolio, making the stock its 2nd largest position.

Other institutional investors have also made changes to their positions in the company. Trexquant Investment LP increased its position in HF Sinclair by 294.1% in the 4th quarter. Trexquant Investment LP now owns 223,601 shares of the company’s stock worth $7,837,000 after buying an additional 166,866 shares during the period. Headlands Technologies LLC bought a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $88,000. National Bank of Canada FI grew its stake in shares of HF Sinclair by 5,252.1% in the fourth quarter. National Bank of Canada FI now owns 49,025 shares of the company’s stock worth $1,718,000 after acquiring an additional 48,109 shares during the last quarter. Franklin Resources Inc. increased its position in HF Sinclair by 36.3% during the fourth quarter. Franklin Resources Inc. now owns 221,661 shares of the company’s stock worth $7,769,000 after acquiring an additional 59,058 shares during the period. Finally, AIA Group Ltd acquired a new position in HF Sinclair during the 4th quarter valued at $255,000. 88.29% of the stock is currently owned by institutional investors.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Price Performance

Shares of DINO stock opened at $33.24 on Wednesday. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 40.54 and a beta of 1.13. The stock’s fifty day simple moving average is $34.90 and its 200 day simple moving average is $38.57. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16. 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 issued 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). 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 for the quarter, compared to the consensus estimate of $6.56 billion. On average, analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid 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 6.02%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research report on Friday, March 7th. Wells Fargo & Company lifted their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Mizuho cut their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Morgan Stanley decreased 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, Barclays lowered their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.00.

HF Sinclair 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.