Van ECK Associates Corp Raises Holdings in HF Sinclair Co. (NYSE:DINO)

Van ECK Associates Corp increased its position in HF Sinclair Co. (NYSE:DINO) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,692 shares of the company’s stock after buying an additional 6,012 shares during the period. Van ECK Associates Corp’s holdings in HF Sinclair were worth $4,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its stake in HF Sinclair by 4,990.9% in the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares during the last quarter. Baystate Wealth Management LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth about $37,000. Blue Trust Inc. raised its position in shares of HF Sinclair by 30.9% during the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after buying an additional 224 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of HF Sinclair in the 4th quarter valued at about $56,000. Finally, GAMMA Investing LLC purchased a new position in HF Sinclair in the fourth quarter worth about $123,000. 88.29% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the sale, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

HF Sinclair Trading Up 0.3 %

DINO opened at $54.42 on Monday. HF Sinclair Co. has a 52 week low of $37.12 and a 52 week high of $64.16. The company has a market capitalization of $10.73 billion, a P/E ratio of 6.56 and a beta of 1.31. The stock’s fifty day moving average is $58.46 and its two-hundred day moving average is $56.38. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same period in the previous year, the company posted $2.97 earnings per share. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. Analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current year.

HF Sinclair Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DINO. TD Cowen raised their price objective on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Barclays started coverage on shares of HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price on the stock. Piper Sandler lifted their price target on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Mizuho reduced their price objective on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.42.

About HF Sinclair

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.