Yousif Capital Management LLC Has $4.23 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Yousif Capital Management LLC boosted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,039 shares of the company’s stock after acquiring an additional 4,973 shares during the quarter. Yousif Capital Management LLC’s holdings in HF Sinclair were worth $4,225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DINO. CWM LLC boosted its position in HF Sinclair by 18.4% during the 3rd quarter. CWM LLC now owns 2,942 shares of the company’s stock worth $168,000 after acquiring an additional 458 shares during the period. AE Wealth Management LLC purchased a new stake in shares of HF Sinclair during the 3rd quarter worth about $521,000. State of Alaska Department of Revenue raised its stake in shares of HF Sinclair by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,171 shares of the company’s stock worth $1,148,000 after purchasing an additional 1,320 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of HF Sinclair during the 3rd quarter worth about $530,000. Finally, Denali Advisors LLC raised its stake in shares of HF Sinclair by 33.3% during the 3rd quarter. Denali Advisors LLC now owns 8,957 shares of the company’s stock worth $510,000 after purchasing an additional 2,236 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $57.33 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $58.85 and its two-hundred day moving average is $56.36. The company has a market cap of $11.30 billion, a P/E ratio of 6.91 and a beta of 1.28. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same period in the previous year, the business posted $2.97 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts expect that HF Sinclair Co. will post 6.55 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio (DPR) is presently 24.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DINO shares. Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Piper Sandler raised their price objective on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Mizuho cut their price objective on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Scotiabank raised their price objective on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Barclays initiated coverage on HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Insider Transactions at HF Sinclair

In other news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Franklin Myers purchased 4,180 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $58.94 per share, with a total value of $246,369.20. Following the purchase, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the sale, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

HF Sinclair Company 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.