Pine Valley Investments Ltd Liability Co Increases Stake in HF Sinclair Co. (NYSE:DINO)

Pine Valley Investments Ltd Liability Co boosted its stake in HF Sinclair Co. (NYSE:DINO) by 118.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 289,987 shares of the company’s stock after buying an additional 157,001 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in HF Sinclair were worth $10,164,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after acquiring an additional 367 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after purchasing an additional 390 shares during the period. Signaturefd LLC grew its holdings in HF Sinclair by 10.1% in the third quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock worth $191,000 after purchasing an additional 392 shares during the period. IFP Advisors Inc increased its stake in shares of HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after purchasing an additional 417 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted 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 purchasing an additional 558 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Activity at HF Sinclair

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at $2,665,364.79. This trade represents a 6.76 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on 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 cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Barclays lowered their price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Mizuho decreased their target price 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. Finally, UBS Group cut their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and a consensus price target of $51.00.

HF Sinclair Stock Up 1.6 %

Shares of DINO stock opened at $36.88 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $33.47 and a 12 month high of $64.16. The stock has a market cap of $6.94 billion, a P/E ratio of 44.98 and a beta of 1.22. The company has a 50 day simple moving average of $36.01 and a two-hundred day simple moving average of $41.14.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS 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 during the quarter, compared to analysts’ expectations of $6.56 billion. On average, research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. HF Sinclair’s payout ratio is currently 243.90%.

About HF Sinclair

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.