Pine Valley Investments Ltd Liability Co Takes Position in HF Sinclair Co. (NYSE:DINO)

Pine Valley Investments Ltd Liability Co bought a new position in shares of HF Sinclair Co. (NYSE:DINO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 132,986 shares of the company’s stock, valued at approximately $5,927,000. Pine Valley Investments Ltd Liability Co owned about 0.07% of HF Sinclair as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Matrix Trust Co grew its stake in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after buying an additional 317 shares during the period. Capital Performance Advisors LLP purchased a new stake in HF Sinclair during the third quarter valued at about $27,000. Innealta Capital LLC acquired a new stake in HF Sinclair during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the period. Finally, Millburn Ridgefield Corp acquired a new position in shares of HF Sinclair in the 3rd quarter valued at about $50,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $38.96 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The business has a 50 day moving average price of $42.29 and a two-hundred day moving average price of $46.83. The firm has a market cap of $7.33 billion, a PE ratio of 24.05 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.06 earnings per share. Sell-side analysts expect that HF Sinclair Co. will post 2.31 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio is currently 123.46%.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Barclays dropped their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $53.00 to $45.00 in a report on Monday. Piper Sandler lowered their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Finally, BMO Capital Markets reduced their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.45.

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.