Brooklyn Investment Group Lowers Position in HF Sinclair Co. (NYSE:DINO)

Brooklyn Investment Group trimmed its position in HF Sinclair Co. (NYSE:DINO) by 67.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,135 shares of the company’s stock after selling 2,396 shares during the period. Brooklyn Investment Group’s holdings in HF Sinclair were worth $40,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Matrix Trust Co grew its position in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the period. Capital Performance Advisors LLP bought a new stake in HF Sinclair during the third quarter worth about $27,000. Massmutual Trust Co. FSB ADV grew its holdings in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the period. Millburn Ridgefield Corp bought a new position in shares of HF Sinclair during the third quarter valued at approximately $50,000. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair during the third quarter valued at approximately $55,000. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DINO. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. BMO Capital Markets lowered their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Barclays cut their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.00.

Insiders Place Their Bets

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 17,000 shares of company stock worth $628,370. Company insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

NYSE DINO opened at $36.31 on Monday. 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 $6.83 billion, a price-to-earnings ratio of 22.42 and a beta of 1.22. The business’s fifty day moving average price is $38.02 and its 200-day moving average price is $43.40.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the firm posted $4.06 earnings per share. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. On average, equities analysts predict that HF Sinclair Co. will post 2.05 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.51%. HF Sinclair’s dividend payout ratio is currently 123.46%.

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.