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Great West Life Assurance Co. Can boosted its stake in HF Sinclair Co. (NYSE:DINO – Get Rating) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 884,889 shares of the company’s stock after purchasing an additional 12,368 shares during the quarter. Great West Life Assurance Co. Can owned about 0.41% of HF Sinclair worth $47,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Canton Hathaway LLC purchased a new stake in HF Sinclair in the second quarter valued at approximately $25,000. Gradient Investments LLC purchased a new stake in HF Sinclair in the first quarter valued at approximately $30,000. Financial Management Professionals Inc. raised its stake in HF Sinclair by 2,175.0% in the third quarter. Financial Management Professionals Inc. now owns 637 shares of the company’s stock valued at $34,000 after purchasing an additional 609 shares in the last quarter. Concord Wealth Partners purchased a new stake in HF Sinclair in the second quarter valued at approximately $35,000. Finally, Parkside Financial Bank & Trust purchased a new stake in HF Sinclair in the first quarter valued at approximately $36,000. 87.69% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Barclays reduced their price target on shares of HF Sinclair from $61.00 to $55.00 in a research report on Tuesday, January 10th. Morgan Stanley increased their price target on shares of HF Sinclair from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, November 8th. Wells Fargo & Company reduced their price target on shares of HF Sinclair from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 5th. Mizuho upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the company from $40.00 to $68.00 in a research report on Tuesday, January 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of HF Sinclair from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, January 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $63.50.
Insider Transactions at HF Sinclair
In other news, Director James H. Lee sold 4,180 shares of HF Sinclair stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $50.64, for a total value of $211,675.20. Following the completion of the transaction, the director now owns 57,101 shares of the company’s stock, valued at approximately $2,891,594.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other HF Sinclair news, Director James H. Lee sold 4,180 shares of the business’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $50.64, for a total transaction of $211,675.20. Following the completion of the sale, the director now directly owns 57,101 shares in the company, valued at approximately $2,891,594.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Carol Orme Holding sold 5,000,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $48.20, for a total value of $241,000,000.00. Following the sale, the insider now owns 40,822,762 shares of the company’s stock, valued at $1,967,657,128.40. The disclosure for this sale can be found here. Insiders sold a total of 5,052,355 shares of company stock valued at $244,263,484 in the last quarter. 0.35% of the stock is owned by insiders.
HF Sinclair Stock Down 0.2 %
Shares of HF Sinclair stock opened at $52.01 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.05 and a current ratio of 2.11. HF Sinclair Co. has a 52-week low of $29.14 and a 52-week high of $66.19. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 4.93, a P/E/G ratio of 0.59 and a beta of 1.34. The company’s 50 day moving average price is $55.68 and its 200-day moving average price is $53.20.
HF Sinclair (NYSE:DINO – Get Rating) last released its quarterly earnings results on Monday, November 7th. The company reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.38. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $8.72 billion. HF Sinclair had a net margin of 6.59% and a return on equity of 27.56%. The firm’s revenue for the quarter was up 126.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. Equities research analysts forecast that HF Sinclair Co. will post 14.89 EPS for the current year.
HF Sinclair Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.08%. The ex-dividend date was Friday, November 18th. HF Sinclair’s dividend payout ratio is currently 15.18%.
HF Sinclair Company Profile
(Get Rating)
HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.
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