Brooklyn Investment Group Sells 2,396 Shares of HF Sinclair Co. (NYSE:DINO)

Brooklyn Investment Group reduced its stake in shares of HF Sinclair Co. (NYSE:DINO) by 67.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,135 shares of the company’s stock after selling 2,396 shares during the period. Brooklyn Investment Group’s holdings in HF Sinclair were worth $40,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Matrix Trust Co increased its position in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in HF Sinclair in the 3rd quarter valued at about $27,000. Massmutual Trust Co. FSB ADV lifted its holdings in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares during the last quarter. Millburn Ridgefield Corp bought a new position in HF Sinclair during the third quarter worth about $50,000. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair in the third quarter worth about $55,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.2 %

Shares of HF Sinclair stock opened at $36.31 on Monday. The company has a 50 day simple moving average of $38.02 and a two-hundred day simple moving average of $43.40. The firm has a market cap of $6.83 billion, a PE ratio of 22.42 and a beta of 1.22. HF Sinclair Co. has a 1 year low of $33.47 and a 1 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 announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the business earned $4.06 earnings per share. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. Analysts expect that HF Sinclair Co. will post 2.05 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

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

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 17,000 shares of company stock valued at $628,370 over the last quarter. 0.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DINO has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Scotiabank decreased their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets dropped their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Barclays reduced their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.