Teza Capital Management LLC Takes $244,000 Position in HF Sinclair Co. (NYSE:DINO)

Teza Capital Management LLC bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,962 shares of the company's stock, valued at approximately $244,000.

A number of other institutional investors have also added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair during the 4th quarter valued at about $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its holdings in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after buying an additional 327 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position 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 during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Down 0.6%

HF Sinclair stock opened at $36.15 on Wednesday. The firm has a 50 day moving average price of $31.64 and a 200-day moving average price of $35.23. 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 $24.66 and a twelve month high of $57.50. The company has a market capitalization of $6.81 billion, a P/E ratio of 44.09 and a beta of 0.81.

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

HF Sinclair Dividend Announcement

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 dividend of $0.50 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.53%. HF Sinclair's payout ratio is -259.74%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DINO shares. Scotiabank cut their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price target on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Barclays upped their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Morgan Stanley dropped their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, TD Cowen upped their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a 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 company's stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and an average price target of $43.30.

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.

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