LRT Capital Management LLC Lowers Stake in HF Sinclair Co. (NYSE:DINO)

LRT Capital Management LLC trimmed its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 44.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,946 shares of the company's stock after selling 32,335 shares during the quarter. HF Sinclair comprises about 2.1% of LRT Capital Management LLC's investment portfolio, making the stock its 11th biggest position. LRT Capital Management LLC's holdings in HF Sinclair were worth $2,220,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new position in HF Sinclair in the fourth quarter worth about $171,000. Xponance Inc. grew its position in HF Sinclair by 8.3% in the fourth quarter. Xponance Inc. now owns 20,432 shares of the company's stock worth $1,135,000 after acquiring an additional 1,562 shares in the last quarter. Federated Hermes Inc. grew its position in HF Sinclair by 13.0% in the fourth quarter. Federated Hermes Inc. now owns 21,004 shares of the company's stock worth $1,167,000 after acquiring an additional 2,409 shares in the last quarter. Oakworth Capital Inc. grew its position in HF Sinclair by 7.4% in the fourth quarter. Oakworth Capital Inc. now owns 24,586 shares of the company's stock worth $1,366,000 after acquiring an additional 1,699 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in HF Sinclair by 27.9% in the fourth quarter. Mackenzie Financial Corp now owns 18,456 shares of the company's stock worth $1,026,000 after acquiring an additional 4,021 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DINO has been the subject of several recent research reports. Piper Sandler lifted their price target on HF Sinclair from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. Scotiabank boosted their target price on HF Sinclair from $58.00 to $66.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. Barclays started coverage on HF Sinclair in a research report on Monday, February 26th. They set an "equal weight" rating and a $60.00 target price for the company. Mizuho dropped their target price on HF Sinclair from $66.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company boosted their target price on HF Sinclair from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, HF Sinclair has an average rating of "Moderate Buy" and a consensus target price of $65.42.

HF Sinclair Trading Up 1.0 %

Shares of NYSE DINO traded up $0.57 during trading hours on Friday, reaching $56.85. The stock had a trading volume of 1,603,546 shares, compared to its average volume of 1,555,227. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 6.85 and a beta of 1.28. The business's fifty day moving average price is $59.09 and its two-hundred day moving average price is $56.24. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. HF Sinclair's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.97 earnings per share. Analysts expect that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were paid a $0.50 dividend. This is an increase from HF Sinclair's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.52%. HF Sinclair's payout ratio is 24.10%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 4,180 shares of HF Sinclair stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $58.94 per share, with a total value of $246,369.20. Following the completion of the purchase, the director now directly owns 131,793 shares of the company's stock, valued at approximately $7,767,879.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other HF Sinclair news, Director Franklin Myers purchased 4,180 shares of HF Sinclair stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of the transaction, the director now owns 131,793 shares in the company, valued at approximately $7,767,879.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Manuel J. Fernandez sold 1,213 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

About HF Sinclair

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.