Dana Investment Advisors Inc. Sells 5,809 Shares of HF Sinclair Co. (NYSE:DINO)

Dana Investment Advisors Inc. decreased its stake in HF Sinclair Co. (NYSE:DINO) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,490 shares of the company’s stock after selling 5,809 shares during the period. Dana Investment Advisors Inc.’s holdings in HF Sinclair were worth $1,559,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of HF Sinclair by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after buying an additional 33,373 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at $1,253,000. Merit Financial Group LLC purchased a new stake in shares of HF Sinclair in the 4th quarter valued at $263,000. Blue Trust Inc. boosted its stake in shares of HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after purchasing an additional 2,655 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at $5,927,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 1.7 %

NYSE:DINO opened at $32.19 on Friday. The company has a 50-day moving average price of $35.85 and a 200-day moving average price of $40.30. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last posted its 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Equities analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.21%. HF Sinclair’s dividend payout ratio is 243.90%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DINO. JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Mizuho cut their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $49.00 price objective on shares of HF Sinclair in a research note on Friday. Finally, Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.00.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the purchase, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 17,635 shares of company stock valued at $632,860. Company 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.