Pine Valley Investments Ltd Liability Co Buys 157,001 Shares of HF Sinclair Co. (NYSE:DINO)

Pine Valley Investments Ltd Liability Co lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 118.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 289,987 shares of the company’s stock after purchasing an additional 157,001 shares during the quarter. Pine Valley Investments Ltd Liability Co owned 0.15% of HF Sinclair worth $10,164,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after acquiring an additional 558 shares during the last quarter. Millburn Ridgefield Corp bought a new position in HF Sinclair in the 3rd quarter worth about $50,000. Finally, Coastline Trust Co purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $33.77 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DINO. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Barclays dropped their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho reduced their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Finally, TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. 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.com, the company has an average rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Trading Up 1.6 %

Shares of DINO stock opened at $36.88 on Tuesday. The business has a 50-day moving average of $36.01 and a 200 day moving average of $41.14. 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 Co. has a 1-year low of $33.47 and a 1-year high of $64.16. The stock has a market capitalization of $6.94 billion, a PE ratio of 44.98 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

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.