HF Sinclair Co. (NYSE:DINO) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its holdings in HF Sinclair Co. (NYSE:DINO) by 72.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 433,155 shares of the company’s stock after purchasing an additional 181,550 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.23% of HF Sinclair worth $15,182,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its position in HF Sinclair by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after acquiring an additional 33,373 shares during the period. Aigen Investment Management LP acquired a new position in shares of HF Sinclair in the third quarter valued at approximately $1,253,000. Merit Financial Group LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth approximately $263,000. Blue Trust Inc. lifted its holdings in shares of HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after purchasing an additional 2,655 shares during the period. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in HF Sinclair in the 3rd quarter valued at $5,927,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov acquired 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of analyst reports. 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 report on Tuesday, December 10th. TD Cowen reduced 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 report on Wednesday, December 18th. Barclays lowered their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. UBS Group cut their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Mizuho decreased their price target 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and an average price target of $51.00.

HF Sinclair Stock Performance

NYSE:DINO opened at $38.02 on Tuesday. 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 company has a market capitalization of $7.15 billion, a P/E ratio of 23.47 and a beta of 1.22. The firm has a 50-day moving average price of $36.08 and a two-hundred day moving average price of $41.54. HF Sinclair Co. has a twelve month low of $33.47 and a twelve month high of $64.16.

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.