Kovitz Investment Group Partners LLC Sells 152,298 Shares of HF Sinclair Co. (NYSE:DINO)

Kovitz Investment Group Partners LLC decreased its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 92.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,477 shares of the company's stock after selling 152,298 shares during the period. Kovitz Investment Group Partners LLC's holdings in HF Sinclair were worth $437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock worth $37,845,000 after purchasing an additional 33,373 shares in the last quarter. Amundi grew its holdings in shares of HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after buying an additional 996,155 shares in the last quarter. Aigen Investment Management LP raised its position in HF Sinclair by 124.9% in the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after buying an additional 35,121 shares during the last quarter. Norges Bank bought a new stake in HF Sinclair in the 4th quarter valued at approximately $41,317,000. Finally, Merit Financial Group LLC acquired a new position in HF Sinclair during the 4th quarter worth approximately $263,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $31.31 on Friday. The stock has a 50 day moving average of $31.09 and a 200-day moving average of $35.95. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73. The company has a market capitalization of $5.90 billion, a P/E ratio of 38.19 and a beta of 1.00. 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 (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 the consensus estimate of ($0.41) by $0.14. The company had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. During the same period in the prior year, the firm earned $0.71 earnings per share. The company's revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is 243.90%.

Analysts Set New Price Targets

DINO has been the topic of a number of research reports. Mizuho cut their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley cut their price target 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. Scotiabank decreased their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. Finally, Barclays reduced their price target on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $44.50.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by corporate insiders.

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.

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