Shay Capital LLC Purchases 10,000 Shares of HF Sinclair Co. (NYSE:DINO)

Shay Capital LLC boosted its position in shares of HF Sinclair Co. (NYSE:DINO) by 80.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Shay Capital LLC’s holdings in HF Sinclair were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DINO. Amundi increased its stake in shares of HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after buying an additional 996,155 shares during the period. Aigen Investment Management LP increased its position in HF Sinclair by 124.9% during the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock valued at $2,216,000 after purchasing an additional 35,121 shares during the period. Norges Bank bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $41,317,000. Merit Financial Group LLC purchased a new stake in shares of HF Sinclair in the 4th quarter worth approximately $263,000. Finally, Blue Trust Inc. boosted its stake in shares of HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after purchasing an additional 2,655 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

HF Sinclair Trading Up 0.0%

HF Sinclair stock opened at $37.22 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a market cap of $7.01 billion, a PE ratio of 45.39 and a beta of 0.81. The stock has a 50-day moving average of $31.33 and a two-hundred day moving average of $35.33. HF Sinclair Co. has a one year low of $24.66 and a one year high of $58.73.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.37%. HF Sinclair’s dividend payout ratio is currently -259.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DINO shares. Morgan Stanley reduced their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $47.00 in a research report on Tuesday. Scotiabank decreased their price objective on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Wells Fargo & Company cut their target price on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Finally, Barclays boosted their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.30.

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.