Martingale Asset Management L P Trims Position in HF Sinclair Co. (NYSE:DINO)

Martingale Asset Management L P decreased its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 88.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,362 shares of the company's stock after selling 164,753 shares during the period. Martingale Asset Management L P's holdings in HF Sinclair were worth $784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair in the fourth quarter valued at approximately $27,000. Lee Danner & Bass Inc. acquired a new position in shares of HF Sinclair in the fourth quarter worth $32,000. EverSource Wealth Advisors LLC raised its stake in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in HF Sinclair by 68.0% in the fourth 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, IFP Advisors Inc grew its stake in HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after purchasing an additional 417 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, 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 available through this link. 0.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price objective on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Mizuho decreased their price target on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Scotiabank cut their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays lowered their price target on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of "Hold" and a consensus price target of $45.10.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded up $1.24 on Friday, reaching $29.02. 2,412,394 shares of the stock were exchanged, compared to its average volume of 2,383,165. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $32.53 and a two-hundred day moving average price of $37.02. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The firm has a market capitalization of $5.47 billion, a PE ratio of 35.39 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. As a group, research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's 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.