Towle & Co. Increases Position in HF Sinclair Co. (NYSE:DINO)

Towle & Co. lifted its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 483,325 shares of the company's stock after buying an additional 51,138 shares during the quarter. HF Sinclair comprises 2.9% of Towle & Co.'s portfolio, making the stock its 13th largest position. Towle & Co. owned approximately 0.26% of HF Sinclair worth $16,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of DINO. EverSource Wealth Advisors LLC grew its holdings in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in HF Sinclair by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after purchasing an additional 379 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock worth $2,253,000 after purchasing an additional 390 shares during the period. Evergreen Private Wealth LLC grew its holdings in HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock worth $938,000 after purchasing an additional 392 shares during the period. Finally, ProShare Advisors LLC grew its holdings in HF Sinclair by 5.8% in the fourth quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock worth $262,000 after purchasing an additional 412 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Performance

HF Sinclair stock traded up $0.13 during midday trading on Friday, reaching $35.58. 1,617,786 shares of the company traded hands, compared to its average volume of 2,480,457. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 43.39 and a beta of 0.81. The business has a 50 day moving average of $31.78 and a two-hundred day moving average of $35.17. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $57.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

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. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. As a group, research analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 5.62%. HF Sinclair's payout ratio is presently -259.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DINO. 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 report on Monday, May 12th. 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. Scotiabank cut their price target 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. Piper Sandler cut their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price target for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.30.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. The trade was a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

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.