abrdn plc Sells 233 Shares of HF Sinclair Co. (NYSE:DINO)

abrdn plc cut its stake in HF Sinclair Co. (NYSE:DINO) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,341 shares of the company’s stock after selling 233 shares during the period. abrdn plc’s holdings in HF Sinclair were worth $297,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its position in shares of HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares during the period. Baystate Wealth Management LLC bought a new stake in HF Sinclair during the 4th quarter valued at $37,000. Blue Trust Inc. lifted its holdings in shares of HF Sinclair by 30.9% in the 4th 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 position in shares of HF Sinclair during the 4th quarter worth $56,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of HF Sinclair during the fourth quarter valued at $171,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the business’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 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 document filed with the SEC, which can be accessed through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the sale, the director now owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the transaction, the executive vice president now owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The disclosure for this sale 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 DINO shares. Wells Fargo & Company increased their target price on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $78.00 in a report on Friday, March 15th. Piper Sandler upped 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. TD Cowen boosted their price target on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Finally, Barclays began coverage on HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $54.23 on Wednesday. HF Sinclair Co. has a fifty-two week low of $37.12 and a fifty-two week high of $64.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The company has a market cap of $10.69 billion, a PE ratio of 6.53 and a beta of 1.28. The business has a 50-day simple moving average of $58.71 and a two-hundred day simple moving average of $56.43.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 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 company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the business earned $2.97 EPS. HF Sinclair’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, equities analysts expect that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.69%. 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. HF Sinclair’s dividend payout ratio is presently 24.10%.

HF Sinclair Company Profile

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.