Cwm LLC Decreases Stake in HF Sinclair Co. (NYSE:DINO)

Cwm LLC lowered its position in shares of HF Sinclair Co. (NYSE:DINO) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,656 shares of the company’s stock after selling 286 shares during the quarter. Cwm LLC’s holdings in HF Sinclair were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DINO. Pacer Advisors Inc. lifted its holdings in HF Sinclair by 55.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after acquiring an additional 1,656,704 shares during the period. Vanguard Group Inc. boosted its holdings in shares of HF Sinclair by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock worth $948,766,000 after buying an additional 869,429 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in HF Sinclair during the third quarter valued at about $41,728,000. Korea Investment CORP grew its position in HF Sinclair by 584.0% during the third quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock valued at $16,166,000 after buying an additional 242,447 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in HF Sinclair by 27.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company’s stock worth $59,782,000 after buying an additional 230,834 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research reports. Barclays assumed coverage on shares of HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 target price for the company. Wells Fargo & Company lifted their price target on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. TD Cowen increased their price objective on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Piper Sandler lifted their target price on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.42.

Insider Transactions at HF Sinclair

In related news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers acquired 4,180 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the transaction, the director now directly owns 131,793 shares of the company’s stock, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $54.42 on Monday. The firm has a market capitalization of $10.73 billion, a PE ratio of 6.56 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $64.16. The business’s 50-day moving average price is $58.46 and its 200-day moving average price is $56.38.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the business earned $2.97 earnings per share. The business’s quarterly revenue was down 14.7% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.68%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. HF Sinclair’s dividend payout ratio is presently 24.10%.

HF Sinclair Profile

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