HF Sinclair Co. (NYSE:DINO) Stock Holdings Lifted by Summit Street Capital Management LLC

Summit Street Capital Management LLC increased its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,420 shares of the company's stock after acquiring an additional 27,845 shares during the quarter. HF Sinclair comprises 2.6% of Summit Street Capital Management LLC's portfolio, making the stock its 19th biggest holding. Summit Street Capital Management LLC owned 0.11% of HF Sinclair worth $7,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DINO. Gateway Investment Advisers LLC acquired a new position in HF Sinclair in the 4th quarter valued at $222,000. Merit Financial Group LLC acquired a new position in HF Sinclair in the 4th quarter valued at $263,000. HB Wealth Management LLC grew its holdings in HF Sinclair by 7.9% in the 4th quarter. HB Wealth Management LLC now owns 12,600 shares of the company's stock valued at $442,000 after buying an additional 923 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 558 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in HF Sinclair in the 4th quarter valued at $27,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DINO. Morgan Stanley reduced their target price on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Scotiabank cut their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. TD Cowen boosted their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company cut their target price on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.30.

HF Sinclair Trading Down 3.3%

Shares of NYSE DINO traded down $1.19 during trading hours on Wednesday, hitting $34.96. 2,850,882 shares of the company traded hands, compared to its average volume of 2,476,271. The company's 50 day moving average price is $31.64 and its 200 day moving average price is $35.23. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 42.63 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $57.30.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio is presently -259.74%.

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.