HF Sinclair Co. (NYSE:DINO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in HF Sinclair Co. (NYSE:DINO) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,049 shares of the company’s stock after selling 3,416 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in HF Sinclair were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DINO. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after buying an additional 558 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $50,000. Finally, Coastline Trust Co bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $55,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the transaction, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 17,000 shares of company stock valued at $612,870. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

NYSE DINO opened at $33.06 on Tuesday. The stock has a market capitalization of $6.23 billion, a P/E ratio of 40.32 and a beta of 1.22. HF Sinclair Co. has a 1 year low of $32.86 and a 1 year high of $64.16. The business’s fifty day moving average is $36.06 and its two-hundred day moving average is $40.71. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.05%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DINO shares. UBS Group cut their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. TD Cowen cut their price target 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 cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Barclays cut their price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 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, HF Sinclair has an average rating of “Hold” and an average target price of $51.00.

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.