Altshuler Shaham Ltd Trims Stock Position in HF Sinclair Co. (NYSE:DINO)

Altshuler Shaham Ltd lowered its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 33.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 795 shares of the company’s stock after selling 395 shares during the quarter. Altshuler Shaham Ltd’s holdings in HF Sinclair were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in HF Sinclair by 55.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after acquiring an additional 1,656,704 shares in the last quarter. Vanguard Group Inc. increased its holdings in HF Sinclair by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock worth $948,766,000 after acquiring an additional 869,429 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in HF Sinclair in the 3rd quarter worth approximately $41,728,000. Korea Investment CORP increased its holdings in HF Sinclair by 584.0% in the 3rd quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock worth $16,166,000 after acquiring an additional 242,447 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in HF Sinclair by 27.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company’s stock worth $59,782,000 after acquiring an additional 230,834 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 3.8 %

Shares of HF Sinclair stock traded up $2.08 during trading on Wednesday, hitting $56.93. 3,427,531 shares of the stock traded hands, compared to its average volume of 2,134,275. The firm has a market cap of $11.22 billion, a P/E ratio of 6.86 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 52-week low of $38.49 and a 52-week high of $64.16. The stock’s fifty day simple moving average is $58.32 and its 200 day simple moving average is $56.36.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.72 by $0.15. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.97 earnings per share. On average, equities analysts predict that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.51%. The ex-dividend date was Friday, February 23rd. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is 24.10%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the sale, the director now owns 9,828 shares of the company’s stock, valued at $600,490.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DINO shares. Mizuho cut their price objective on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and increased their target price for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. Piper Sandler increased their target price on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, TD Cowen increased their target price on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

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.