Ieq Capital LLC Buys 93,696 Shares of HF Sinclair Co. (NYSE:DINO)

Ieq Capital LLC lifted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 716.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,773 shares of the company’s stock after acquiring an additional 93,696 shares during the quarter. Ieq Capital LLC’s holdings in HF Sinclair were worth $3,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its stake in HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock valued at $2,253,000 after purchasing an additional 390 shares during the period. Signaturefd LLC boosted its stake in HF Sinclair by 10.1% in the 3rd quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock valued at $191,000 after purchasing an additional 392 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares during the period. Finally, Mediolanum International Funds Ltd boosted its stake in HF Sinclair by 4.8% in the 3rd quarter. Mediolanum International Funds Ltd now owns 12,798 shares of the company’s stock valued at $579,000 after purchasing an additional 591 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on DINO. UBS Group dropped their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Mizuho dropped their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Finally, Barclays dropped their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.00.

Insider Buying and Selling

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Price Performance

HF Sinclair stock opened at $36.32 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 52 week low of $33.47 and a 52 week high of $64.16. The stock has a market capitalization of $6.83 billion, a P/E ratio of 22.42 and a beta of 1.22. The stock has a fifty day moving average of $35.99 and a 200-day moving average of $41.28.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. On average, sell-side analysts expect that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 5.51%. HF Sinclair’s dividend payout ratio is currently 243.90%.

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.