Cwm LLC Has $123,000 Position in HF Sinclair Co. (NYSE:DINO)

Cwm LLC increased its stake in shares of HF Sinclair Co. (NYSE:DINOGet Rating) by 26.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,290 shares of the company’s stock after buying an additional 476 shares during the quarter. Cwm LLC’s holdings in HF Sinclair were worth $123,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Resonant Capital Advisors LLC grew its position in HF Sinclair by 2.4% during the third quarter. Resonant Capital Advisors LLC now owns 9,365 shares of the company’s stock worth $504,000 after buying an additional 216 shares in the last quarter. Arizona State Retirement System lifted its stake in HF Sinclair by 0.6% during the second quarter. Arizona State Retirement System now owns 41,965 shares of the company’s stock worth $1,895,000 after purchasing an additional 236 shares during the last quarter. Commerce Bank lifted its stake in HF Sinclair by 2.5% during the second quarter. Commerce Bank now owns 13,152 shares of the company’s stock worth $594,000 after purchasing an additional 325 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in HF Sinclair by 31.9% during the second quarter. Exchange Traded Concepts LLC now owns 2,283 shares of the company’s stock worth $103,000 after purchasing an additional 552 shares during the last quarter. Finally, Canton Hathaway LLC bought a new stake in HF Sinclair during the second quarter worth $25,000. Institutional investors and hedge funds own 87.69% of the company’s stock.

HF Sinclair Stock Down 0.2 %

Shares of NYSE:DINO opened at $52.01 on Tuesday. The firm has a market cap of $10.44 billion, a P/E ratio of 4.93, a P/E/G ratio of 0.60 and a beta of 1.34. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 0.34. HF Sinclair Co. has a 12-month low of $29.14 and a 12-month high of $66.19. The business has a fifty day simple moving average of $55.45 and a 200 day simple moving average of $53.29.

HF Sinclair (NYSE:DINOGet Rating) last announced its earnings results on Monday, November 7th. The company reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.38. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $8.72 billion. HF Sinclair had a return on equity of 27.56% and a net margin of 6.59%. HF Sinclair’s revenue for the quarter was up 126.2% compared to the same quarter last year. During the same period last year, the company earned $1.28 EPS. Analysts predict that HF Sinclair Co. will post 14.89 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 5th. Investors of record on Monday, November 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, November 18th. HF Sinclair’s dividend payout ratio is currently 15.18%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DINO. Piper Sandler cut their target price on HF Sinclair from $86.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. JPMorgan Chase & Co. upped their target price on HF Sinclair from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, January 9th. Morgan Stanley upped their target price on HF Sinclair from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 8th. Cowen increased their price target on HF Sinclair to $68.00 in a research note on Tuesday, November 15th. Finally, Wells Fargo & Company dropped their price target on HF Sinclair from $65.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, January 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

Insider Buying and Selling

In other HF Sinclair news, major shareholder Carol Orme Holding sold 5,000,000 shares of the stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $48.20, for a total transaction of $241,000,000.00. Following the completion of the sale, the insider now directly owns 40,822,762 shares in the company, valued at approximately $1,967,657,128.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other HF Sinclair news, major shareholder Carol Orme Holding sold 5,000,000 shares of the stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $48.20, for a total transaction of $241,000,000.00. Following the completion of the sale, the insider now directly owns 40,822,762 shares in the company, valued at approximately $1,967,657,128.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 2,675 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $61.45, for a total value of $164,378.75. Following the sale, the director now owns 9,771 shares of the company’s stock, valued at $600,427.95. The disclosure for this sale can be found here. Insiders sold a total of 5,052,355 shares of company stock valued at $244,263,484 in the last three months. 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.

Further Reading

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

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