103,427 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by Amalgamated Bank

Amalgamated Bank acquired a new position in shares of HF Sinclair Co. (NYSE:DINOGet Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 103,427 shares of the company’s stock, valued at approximately $4,122,000.

Other institutional investors have also added to or reduced their stakes in the company. American Trust bought a new stake in HF Sinclair during the 1st quarter worth approximately $267,000. Teachers Retirement System of The State of Kentucky bought a new stake in HF Sinclair during the 1st quarter worth approximately $829,000. Bank of America Corp DE bought a new stake in HF Sinclair during the 1st quarter worth approximately $41,561,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in HF Sinclair during the 1st quarter worth approximately $942,000. Finally, Gradient Investments LLC bought a new stake in HF Sinclair during the 1st quarter worth approximately $30,000. 89.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DINO shares. Barclays boosted their target price on shares of HF Sinclair from $51.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 16th. Piper Sandler upped their price objective on shares of HF Sinclair from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. Credit Suisse Group upped their price objective on shares of HF Sinclair to $64.00 in a research note on Thursday, June 9th. The Goldman Sachs Group upped their price objective on shares of HF Sinclair to $57.00 in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of HF Sinclair from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, July 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $58.38.

HF Sinclair Stock Down 3.0 %

Shares of NYSE DINO opened at $50.51 on Thursday. The firm has a market cap of $10.95 billion, a PE ratio of 6.48, a P/E/G ratio of 0.35 and a beta of 1.43. HF Sinclair Co. has a 12-month low of $29.14 and a 12-month high of $58.50. The company’s fifty day simple moving average is $49.94 and its 200 day simple moving average is $45.62. The company has a quick ratio of 1.00, a current ratio of 1.89 and a debt-to-equity ratio of 0.34.

HF Sinclair (NYSE:DINOGet Rating) last issued its earnings results on Monday, August 8th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $1.03. The business had revenue of $11.16 billion for the quarter, compared to analyst estimates of $9.23 billion. HF Sinclair had a net margin of 5.61% and a return on equity of 20.74%. HF Sinclair’s revenue was up 143.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. As a group, sell-side analysts forecast that HF Sinclair Co. will post 13.67 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.60 annualized dividend and a yield of 3.17%. HF Sinclair’s payout ratio is 20.51%.

Insiders Place Their Bets

In other HF Sinclair news, SVP Vaishali S. Bhatia sold 10,435 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $54.03, for a total transaction of $563,803.05. Following the transaction, the senior vice president now owns 38,442 shares in the company, valued at $2,077,021.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other HF Sinclair news, SVP Vaishali S. Bhatia sold 10,435 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $54.03, for a total transaction of $563,803.05. Following the transaction, the senior vice president now owns 38,442 shares in the company, valued at $2,077,021.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez sold 950 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $55.31, for a total transaction of $52,544.50. Following the transaction, the director now owns 9,803 shares in the company, valued at approximately $542,203.93. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

About HF Sinclair

(Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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