Hi Line Capital Management LLC Cuts Position in HF Sinclair Co. (NYSE:DINO)

Hi Line Capital Management LLC lessened its holdings in HF Sinclair Co. (NYSE:DINO) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,864 shares of the company’s stock after selling 3,868 shares during the period. Hi Line Capital Management LLC’s holdings in HF Sinclair were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair in the 4th quarter valued at about $27,000. Millburn Ridgefield Corp purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $50,000. Coastline Trust Co purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $55,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the topic of several research analyst reports. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Mizuho lowered their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Barclays lowered their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.00.

HF Sinclair Trading Down 3.0 %

Shares of HF Sinclair stock opened at $36.32 on Monday. The stock has a market cap of $6.83 billion, a P/E ratio of 44.29 and a beta of 1.22. The stock’s 50 day simple moving average is $35.99 and its 200-day simple moving average is $41.21. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is presently 243.90%.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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.