Nations Financial Group Inc. IA ADV Invests $754,000 in HF Sinclair Co. (NYSE:DINO)


Nations Financial Group Inc. IA ADV bought a new stake in shares of HF Sinclair Co. (NYSE:DINO – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,575 shares of the company’s stock, valued at approximately $754,000.

A number of other institutional investors and hedge funds have also modified their holdings of DINO. Pacer Advisors Inc. grew its position in HF Sinclair by 55.0% in the 4th 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 during the period. Norges Bank purchased a new stake in HF Sinclair during the fourth quarter valued at $65,774,000. Vanguard Group Inc. boosted its position in HF Sinclair by 5.5% in the third quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock worth $948,766,000 after purchasing an additional 869,429 shares during the last quarter. UBS Group AG grew its stake in shares of HF Sinclair by 66.6% during the 4th quarter. UBS Group AG now owns 689,061 shares of the company’s stock valued at $38,291,000 after purchasing an additional 275,382 shares during the period. Finally, Korea Investment CORP grew its stake in shares of HF Sinclair by 584.0% during the 3rd quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock valued at $16,166,000 after purchasing an additional 242,447 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO traded down $0.25 during midday trading on Monday, hitting $56.11. 1,111,400 shares of the company traded hands, compared to its average volume of 2,057,828. HF Sinclair Co. has a 52 week low of $41.09 and a 52 week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The firm has a 50 day moving average of $58.39 and a 200-day moving average of $56.55. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 6.94 and a beta of 1.31.

HF Sinclair (NYSE:DINO – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the prior year, the company earned $2.00 EPS. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts forecast that HF Sinclair Co. will post 6.14 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Tuesday, May 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Insider Buying and Selling

In other news, Director Franklin Myers bought 6,500 shares of the stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other HF Sinclair news, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of the business’s 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 transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DINO. Mizuho dropped their price objective on shares of HF Sinclair from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Wells Fargo & Company upped their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Scotiabank lifted their target price 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. UBS Group raised HF Sinclair from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $73.00 in a research note on Wednesday, February 14th. Finally, Barclays initiated 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.92.

Get Our Latest Research Report on DINO

HF Sinclair Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider HF Sinclair, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and HF Sinclair wasn’t on the list.

While HF Sinclair currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *