Convergence Investment Partners LLC Takes $271,000 Position in HF Sinclair Co. (NYSE:DINO)

Convergence Investment Partners LLC purchased a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,871 shares of the company’s stock, valued at approximately $271,000.

Other large investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its position in shares of HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after purchasing an additional 549 shares during the period. Baystate Wealth Management LLC acquired a new stake in HF Sinclair in the fourth quarter worth $37,000. Blue Trust Inc. increased its position in HF Sinclair by 30.9% in the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after buying an additional 224 shares during the period. Fortitude Family Office LLC bought a new stake in HF Sinclair in the fourth quarter valued at $56,000. Finally, GAMMA Investing LLC acquired a new position in shares of HF Sinclair during the fourth quarter valued at $123,000. 88.29% of the stock is currently owned by institutional investors.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 4,180 shares of HF Sinclair stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $58.94 per share, for a total transaction 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 $7,767,879.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers acquired 4,180 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the purchase, the director now directly owns 131,793 shares in the company, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. TD Cowen boosted their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Scotiabank increased their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Piper Sandler boosted their target price on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Mizuho cut 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

HF Sinclair Price Performance

NYSE DINO opened at $57.31 on Monday. The company has a 50 day simple moving average of $58.85 and a 200-day simple moving average of $56.39. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $64.16. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 6.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion for 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 period in the prior year, the business posted $2.97 earnings per share. Equities research analysts predict that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 23rd. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.49%. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

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.