Smith Moore & CO. Reduces Holdings in HF Sinclair Co. (NYSE:DINO)

Smith Moore & CO. lowered its position in HF Sinclair Co. (NYSE:DINO) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,849 shares of the company’s stock after selling 450 shares during the quarter. Smith Moore & CO.’s holdings in HF Sinclair were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in HF Sinclair by 13.8% in the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after purchasing an additional 141,472 shares during the last quarter. Townsquare Capital LLC purchased a new position in shares of HF Sinclair during the third quarter worth approximately $220,000. Captrust Financial Advisors raised its stake in shares of HF Sinclair by 14.2% during the third quarter. Captrust Financial Advisors now owns 18,475 shares of the company’s stock valued at $823,000 after acquiring an additional 2,297 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of HF Sinclair by 4.9% in the third quarter. Janus Henderson Group PLC now owns 706,799 shares of the company’s stock valued at $31,502,000 after purchasing an additional 32,951 shares during the period. Finally, Morse Asset Management Inc bought a new position in HF Sinclair in the third quarter worth approximately $1,560,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 6.2 %

NYSE:DINO opened at $27.46 on Friday. The firm has a 50 day moving average of $34.55 and a 200 day moving average of $38.29. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 52 week low of $26.02 and a 52 week high of $63.84. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 33.48 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio is presently 243.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DINO shares. Morgan Stanley decreased their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. TD Cowen dropped their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Finally, Mizuho dropped their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.50.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by company insiders.

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.