Gallacher Capital Management LLC Buys 4,604 Shares of HF Sinclair Co. (NYSE:DINO)

Gallacher Capital Management LLC boosted its position in HF Sinclair Co. (NYSE:DINO) by 92.7% in the 4th quarter, Holdings Channel reports. The firm owned 9,573 shares of the company’s stock after buying an additional 4,604 shares during the quarter. Gallacher Capital Management LLC’s holdings in HF Sinclair were worth $532,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DINO. Vanguard Group Inc. boosted its position in HF Sinclair by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock valued at $948,766,000 after buying an additional 869,429 shares during the period. Pacer Advisors Inc. grew its stake in HF Sinclair by 55.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after purchasing an additional 1,656,704 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in HF Sinclair by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,842,942 shares of the company’s stock worth $104,919,000 after purchasing an additional 48,034 shares during the period. Deutsche Bank AG raised its position in HF Sinclair by 13.8% during the 3rd quarter. Deutsche Bank AG now owns 1,709,684 shares of the company’s stock valued at $97,332,000 after purchasing an additional 207,014 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in HF Sinclair by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,438,028 shares of the company’s stock valued at $81,866,000 after purchasing an additional 96,444 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

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

HF Sinclair Price Performance

Shares of HF Sinclair stock traded up $0.18 on Friday, hitting $54.42. The company’s stock had a trading volume of 1,688,593 shares, compared to its average volume of 1,609,879. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. HF Sinclair Co. has a 1 year low of $37.12 and a 1 year high of $64.16. The firm has a fifty day moving average price of $58.46 and a 200-day moving average price of $56.38. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 6.56 and a beta of 1.31.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.97 EPS. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Piper Sandler increased their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, Barclays began coverage on shares of HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.