AlphaQuest LLC Has $1.06 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

AlphaQuest LLC grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 1,335.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,319 shares of the company’s stock after purchasing an additional 28,207 shares during the quarter. AlphaQuest LLC’s holdings in HF Sinclair were worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DINO. Capital Performance Advisors LLP acquired a new position in shares of HF Sinclair during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HF Sinclair by 68.0% during 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 period. Millburn Ridgefield Corp bought a new position in shares of HF Sinclair during the 3rd quarter worth approximately $50,000. Finally, Coastline Trust Co bought a new position in shares of HF Sinclair during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

DINO opened at $31.62 on Tuesday. The company has a market capitalization of $5.96 billion, a PE ratio of 38.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business has a fifty day simple moving average of $35.80 and a 200 day simple moving average of $40.14. HF Sinclair Co. has a 1 year low of $29.85 and a 1 year high of $64.16.

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). The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.33%. HF Sinclair’s dividend payout ratio is presently 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 5,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $33.77 per share, with a total value of $168,850.00. Following the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased 17,635 shares of company stock valued at $632,860 in the last three months. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays reduced their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. reduced their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, TD Cowen reduced their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.73.

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.