FNY Investment Advisers LLC Invests $175,000 in HF Sinclair Co. (NYSE:DINO)

FNY Investment Advisers LLC bought a new position in shares of HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $175,000.

Several other institutional investors also recently bought and sold shares of the stock. Aigen Investment Management LP bought a new position in shares of HF Sinclair during the 3rd quarter valued at about $1,253,000. JPMorgan Chase & Co. boosted its stake in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after buying an additional 33,373 shares during the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in HF Sinclair during the 3rd quarter valued at approximately $5,927,000. Point72 Hong Kong Ltd bought a new stake in HF Sinclair in the 2nd quarter worth approximately $723,000. Finally, River Road Asset Management LLC raised its holdings in shares of HF Sinclair by 3.4% during the 3rd quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock worth $34,312,000 after acquiring an additional 25,041 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

DINO opened at $36.38 on Wednesday. The business has a fifty day moving average of $38.33 and a 200 day moving average of $43.68. The stock has a market cap of $6.84 billion, a P/E ratio of 22.46 and a beta of 1.22. 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 52-week low of $33.47 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.06 earnings per share. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Dividend Announcement

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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired 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 of the company’s stock, valued at $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 17,000 shares of company stock valued at $628,370. 0.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DINO has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. UBS Group lowered their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Mizuho reduced their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. BMO Capital Markets lowered their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Barclays reduced their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.00.

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.