Arkfeld Wealth Strategies L.L.C. Has $8.02 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Arkfeld Wealth Strategies L.L.C. cut its position in shares of HF Sinclair Co. (NYSE:DINO) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,609 shares of the company’s stock after selling 474 shares during the period. HF Sinclair makes up about 3.7% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 9th biggest holding. Arkfeld Wealth Strategies L.L.C. owned about 0.12% of HF Sinclair worth $8,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after buying an additional 33,373 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $1,253,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $5,927,000. River Road Asset Management LLC lifted its stake in shares of HF Sinclair by 3.4% in the 3rd quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock valued at $34,312,000 after purchasing an additional 25,041 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of HF Sinclair by 25.1% in the 3rd quarter. Citigroup Inc. now owns 200,882 shares of the company’s stock valued at $8,953,000 after purchasing an additional 40,341 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now owns 78,927 shares in the company, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders purchased 17,000 shares of company stock valued at $628,370. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Scotiabank lowered their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. TD Cowen decreased their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, BMO Capital Markets decreased their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair Trading Down 2.8 %

Shares of NYSE DINO opened at $35.81 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $37.41 and a two-hundred day simple moving average of $42.92. The firm has a market cap of $6.74 billion, a PE ratio of 22.10 and a beta of 1.22. HF Sinclair Co. has a twelve month low of $33.47 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.06 EPS. Analysts expect that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.59%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

HF Sinclair 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.