Legacy Capital Group California Inc. Buys 416 Shares of HF Sinclair Co. (NYSE:DINO)

Legacy Capital Group California Inc. lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,635 shares of the company’s stock after purchasing an additional 416 shares during the quarter. Legacy Capital Group California Inc.’s holdings in HF Sinclair were worth $653,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of HF Sinclair in the first quarter valued at approximately $566,029,000. BlackRock Inc. bought a new position in shares of HF Sinclair in the first quarter worth $539,533,000. State Street Corp bought a new position in HF Sinclair in the 1st quarter worth about $308,240,000. Invesco Ltd. bought a new position in shares of HF Sinclair in the first quarter worth approximately $102,959,000. Finally, Pacer Advisors Inc. raised its stake in HF Sinclair by 141.8% in the first quarter. Pacer Advisors Inc. now owns 3,898,867 shares of the company’s stock valued at $188,627,000 after purchasing an additional 2,286,144 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $56.89, for a total value of $284,450.00. Following the completion of the transaction, the executive vice president now directly owns 20,217 shares in the company, valued at approximately $1,150,145.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $62.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, October 5th. Bank of America lifted their price target on HF Sinclair from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, September 18th. Piper Sandler reduced their price objective on HF Sinclair from $73.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 9th. Morgan Stanley dropped their target price on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Finally, Wells Fargo & Company cut their target price on HF Sinclair from $68.00 to $67.00 in a research note on Monday, October 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.55.

HF Sinclair Trading Up 1.7 %

DINO traded up $0.89 during midday trading on Friday, reaching $53.68. 1,358,570 shares of the company’s stock traded hands, compared to its average volume of 2,233,935. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 4.64, a P/E/G ratio of 0.61 and a beta of 1.38. HF Sinclair Co. has a 52 week low of $37.12 and a 52 week high of $66.19. The firm has a fifty day moving average of $55.84 and a two-hundred day moving average of $50.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.23.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Thursday, November 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, November 15th. HF Sinclair’s payout ratio is 15.57%.

HF Sinclair Profile

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.