Lee Danner & Bass Inc. Takes Position in HF Sinclair Co. (NYSE:DINO)

Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 900 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DINO. Natixis Advisors LLC raised its position in shares of HF Sinclair by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 49,384 shares of the company’s stock valued at $2,201,000 after buying an additional 3,456 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of HF Sinclair by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company’s stock valued at $1,711,000 after buying an additional 1,890 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of HF Sinclair during the 3rd quarter valued at $1,095,000. Advisors Asset Management Inc. raised its position in shares of HF Sinclair by 42.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 31,171 shares of the company’s stock valued at $1,389,000 after buying an additional 9,346 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock valued at $218,163,000 after buying an additional 165,313 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research report on Friday, March 7th. TD Cowen decreased their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Finally, Mizuho decreased their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.00.

HF Sinclair Price Performance

DINO stock opened at $33.54 on Monday. The firm’s 50-day moving average price is $35.38 and its two-hundred day moving average price is $39.17. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, equities analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

About HF Sinclair

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.