River Road Asset Management LLC Trims Position in HF Sinclair Co. (NYSE:DINO)

River Road Asset Management LLC lessened its stake in HF Sinclair Co. (NYSE:DINO) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 734,937 shares of the company’s stock after selling 3,266 shares during the period. River Road Asset Management LLC owned 0.41% of HF Sinclair worth $40,840,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its holdings in HF Sinclair by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 27,530 shares of the company’s stock worth $1,567,000 after acquiring an additional 217 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in HF Sinclair by 2.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company’s stock worth $488,000 after acquiring an additional 223 shares in the last quarter. Blue Trust Inc. grew its holdings in HF Sinclair by 30.9% during the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after acquiring an additional 224 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in HF Sinclair by 2.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 10,330 shares of the company’s stock worth $588,000 after acquiring an additional 292 shares in the last quarter. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of HF Sinclair by 11.2% in the 4th quarter. Atlas Capital Advisors LLC now owns 2,898 shares of the company’s stock valued at $150,000 after buying an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded down $0.50 during trading hours on Wednesday, reaching $57.05. 1,491,300 shares of the company’s stock were exchanged, compared to its average volume of 2,179,058. HF Sinclair Co. has a 1 year low of $37.12 and a 1 year high of $64.16. The company has a market capitalization of $11.25 billion, a P/E ratio of 6.93 and a beta of 1.28. The business has a fifty day moving average of $59.19 and a two-hundred day moving average of $56.19. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, research analysts predict that HF Sinclair Co. will post 6.34 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio is currently 24.10%.

Insider Activity at HF Sinclair

In related news, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the sale, the director now owns 9,828 shares of the company’s stock, valued at $600,490.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction on 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 directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of the 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 sale, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DINO shares. Mizuho lowered their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company lifted their target price on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Piper Sandler raised their price target on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Finally, UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.