Aviso Financial Inc. Trims Stake in HF Sinclair Co. (NYSE:DINO)

Aviso Financial Inc. lessened its position in HF Sinclair Co. (NYSE:DINO) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,200 shares of the company’s stock after selling 640 shares during the quarter. Aviso Financial Inc.’s holdings in HF Sinclair were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC lifted its position in HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after buying an additional 1,126,825 shares during the period. Amundi increased its stake in shares of HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after acquiring an additional 996,155 shares in the last quarter. Pacer Advisors Inc. lifted its position in HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after acquiring an additional 626,755 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after acquiring an additional 617,218 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HF Sinclair by 1,445.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock worth $16,531,000 after purchasing an additional 441,116 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Finally, Barclays dropped their price target on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.91.

HF Sinclair Stock Up 4.3 %

Shares of HF Sinclair stock opened at $32.36 on Friday. 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 twelve month low of $29.85 and a twelve month high of $64.16. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 39.47 and a beta of 1.13. The company’s 50 day moving average is $35.50 and its 200 day moving average is $39.78.

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

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Insider Buying and Selling

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have acquired 10,635 shares of company stock valued at $367,140. 0.28% of the stock is owned by insiders.

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.