Crewe Advisors LLC Takes Position in HF Sinclair Co. (NYSE:DINO)

Crewe Advisors LLC bought a new stake in HF Sinclair Co. (NYSE:DINO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,869 shares of the company’s stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co raised its stake in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares during the period. Capital Performance Advisors LLP acquired a new stake in HF Sinclair in the 3rd quarter valued at $27,000. Innealta Capital LLC purchased a new position in HF Sinclair in the second quarter valued at about $34,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of HF Sinclair by 82.2% during 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 in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of HF Sinclair in the third quarter worth about $55,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Barclays decreased their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company reduced their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Finally, Mizuho dropped their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $54.27.

HF Sinclair Stock Up 0.8 %

NYSE:DINO opened at $42.37 on Friday. 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 stock has a 50 day moving average of $43.64 and a 200-day moving average of $48.33. The firm has a market capitalization of $7.97 billion, a PE ratio of 26.15 and a beta of 1.18. HF Sinclair Co. has a 52 week low of $38.25 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period last year, the company earned $4.06 earnings per share. Analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.72%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

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.