Assetmark Inc. Sells 6,878 Shares of HF Sinclair Co. (NYSE:DINO)

Assetmark Inc. reduced its position in shares of HF Sinclair Co. (NYSE:DINO) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,805 shares of the company’s stock after selling 6,878 shares during the period. Assetmark Inc.’s holdings in HF Sinclair were worth $3,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DINO. Pacer Advisors Inc. grew its holdings in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after purchasing an additional 626,755 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock valued at $193,197,000 after acquiring an additional 617,218 shares during the last quarter. Cambiar Investors LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $7,751,000. Kornitzer Capital Management Inc. KS boosted its holdings in HF Sinclair by 72.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 433,155 shares of the company’s stock valued at $15,182,000 after acquiring an additional 181,550 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co boosted its holdings in HF Sinclair by 118.1% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 289,987 shares of the company’s stock valued at $10,164,000 after acquiring an additional 157,001 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 17,635 shares of company stock valued at $632,860 over the last ninety days. 0.28% of the stock is owned by company insiders.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $32.19 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. The stock’s 50 day moving average is $35.85 and its 200-day moving average is $40.25. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

About HF Sinclair

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.