HF Sinclair Co. (NYSE:DINO) Position Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in HF Sinclair Co. (NYSE:DINO – Get Rating) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,084 shares of the company’s stock after purchasing an additional 1,851 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in HF Sinclair were worth $783,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. raised its stake in HF Sinclair by 2.9% during the third quarter. Cullen Frost Bankers Inc. now owns 14,400 shares of the company’s stock valued at $775,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System lifted its stake in HF Sinclair by 8.4% during the fourth quarter. Arizona State Retirement System now owns 46,034 shares of the company’s stock worth $2,389,000 after purchasing an additional 3,570 shares during the last quarter. AXA S.A. boosted its holdings in HF Sinclair by 79.2% in the third quarter. AXA S.A. now owns 89,400 shares of the company’s stock worth $4,813,000 after purchasing an additional 39,500 shares during the period. CWA Asset Management Group LLC bought a new stake in HF Sinclair during the fourth quarter valued at $234,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of HF Sinclair during the third quarter worth $573,000. Institutional investors own 87.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DINO. TD Cowen lowered their price objective on shares of HF Sinclair from $50.00 to $44.00 and set a “market perform” rating for the company in a research report on Friday, May 5th. Wells Fargo & Company upgraded HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research report on Thursday, March 16th. UBS Group assumed coverage on HF Sinclair in a report on Wednesday, March 8th. They issued a “neutral” rating and a $58.00 price target on the stock. Piper Sandler lowered their price objective on HF Sinclair from $73.00 to $59.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on HF Sinclair from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, March 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.33.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $41.35 on Monday. The firm’s 50-day simple moving average is $44.81 and its 200 day simple moving average is $51.38. The stock has a market cap of $7.95 billion, a P/E ratio of 2.83, a P/E/G ratio of 2.63 and a beta of 1.42. The company has a quick ratio of 1.00, a current ratio of 2.10 and a debt-to-equity ratio of 0.29. HF Sinclair Co. has a fifty-two week low of $37.12 and a fifty-two week high of $66.19.

HF Sinclair (NYSE:DINO – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.52. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $6.97 billion. HF Sinclair had a net margin of 8.13% and a return on equity of 32.56%. HF Sinclair’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. Equities analysts expect that HF Sinclair Co. will post 7.67 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Wednesday, May 17th. HF Sinclair’s payout ratio is currently 12.34%.

Insider Activity

In other news, CEO Michael Jennings sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $51.06, for a total value of $2,553,000.00. Following the completion of the sale, the chief executive officer now owns 182,859 shares in the company, valued at $9,336,780.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other HF Sinclair news, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $47.59, for a total value of $190,360,000.00. Following the transaction, the insider now owns 34,853,483 shares in the company, valued at $1,658,677,255.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Jennings sold 50,000 shares of the stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total value of $2,553,000.00. Following the sale, the chief executive officer now owns 182,859 shares of the company’s stock, valued at approximately $9,336,780.54. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

HF Sinclair Profile

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.