LPL Financial LLC increased its holdings in shares of HF Sinclair Co. (NYSE:DINO – Get Rating) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,012 shares of the company’s stock after acquiring an additional 2,877 shares during the quarter. LPL Financial LLC’s holdings in HF Sinclair were worth $1,557,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Red Tortoise LLC bought a new stake in shares of HF Sinclair in the fourth quarter valued at about $25,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of HF Sinclair during the fourth quarter worth approximately $26,000. Gladius Capital Management LP acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $33,000. Parkside Financial Bank & Trust bought a new stake in shares of HF Sinclair in the first quarter valued at approximately $36,000. Finally, Lansing Street Advisors acquired a new stake in HF Sinclair during the fourth quarter worth approximately $46,000. Institutional investors own 87.69% of the company’s stock.
Insider Buying and Selling
In related news, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the completion of the sale, the insider now owns 34,853,483 shares in the company, valued at approximately $1,658,677,255.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other HF Sinclair news, CEO Michael Jennings sold 50,000 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the completion of the sale, the chief executive officer now directly owns 182,859 shares of the company’s stock, valued at $9,336,780.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the completion of the transaction, the insider now directly owns 34,853,483 shares in the company, valued at approximately $1,658,677,255.97. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.
HF Sinclair Trading Down 1.5 %
HF Sinclair (NYSE:DINO – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.48 by $0.52. HF Sinclair had a return on equity of 32.56% and a net margin of 8.13%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. Analysts predict that HF Sinclair Co. will post 7.67 EPS for the current year.
HF Sinclair Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.80 annualized dividend and a dividend yield of 4.20%. HF Sinclair’s dividend payout ratio (DPR) is 12.34%.
Analysts Set New Price Targets
Several analysts recently weighed in on DINO shares. TD Cowen dropped their price objective on 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. UBS Group assumed coverage on shares of HF Sinclair in a research note on Wednesday, March 8th. They issued a “neutral” rating and a $58.00 price objective for the company. Wells Fargo & Company raised HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a report on Thursday, March 16th. JPMorgan Chase & Co. increased their target price on shares of HF Sinclair from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, March 28th. Finally, Mizuho decreased their target price on HF Sinclair from $69.00 to $56.00 in a report on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.33.
HF Sinclair Profile
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.
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