Readystate Asset Management LP Takes Position in HF Sinclair Co. (NYSE:DINO)

Readystate Asset Management LP acquired a new position in HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,965 shares of the company’s stock, valued at approximately $1,443,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC grew its holdings in HF Sinclair by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after buying an additional 7,547 shares in the last quarter. UBS Group AG lifted its position in HF Sinclair by 26.2% in the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock worth $23,551,000 after purchasing an additional 85,993 shares during the period. Spirit of America Management Corp NY acquired a new stake in HF Sinclair in the fourth quarter worth approximately $1,093,000. Nordea Investment Management AB lifted its position in HF Sinclair by 127.9% in the fourth quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after purchasing an additional 19,595 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in HF Sinclair in the third quarter worth approximately $12,135,000. 88.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other 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 transaction of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares of the company’s stock, valued at $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the transaction, the executive vice president now directly 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. Company insiders own 0.28% of the company’s stock.

HF Sinclair Stock Down 1.4 %

NYSE:DINO traded down $0.78 during trading hours on Thursday, reaching $56.27. The company’s stock had a trading volume of 1,973,412 shares, compared to its average volume of 2,182,444. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 6.78 and a beta of 1.28. HF Sinclair Co. has a one year low of $37.12 and a one year high of $64.16. The business’s 50-day moving average is $59.14 and its 200-day moving average is $56.20. 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 released its 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 firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 EPS. Equities research analysts predict that HF Sinclair Co. will post 6.28 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.50 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. HF Sinclair’s payout ratio is currently 24.10%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DINO. TD Cowen upped their target price 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. Scotiabank increased their price objective on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company increased their price objective on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Barclays initiated coverage on HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective for the company. Finally, Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.