Corebridge Financial Inc. Reduces Position in HF Sinclair Co. (NYSE:DINO)

Corebridge Financial Inc. lowered its position in HF Sinclair Co. (NYSE:DINO) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,928 shares of the company’s stock after selling 10,842 shares during the quarter. Corebridge Financial Inc.’s holdings in HF Sinclair were worth $6,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DINO. Sugar Maple Asset Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of HF Sinclair in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after buying an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after buying an additional 558 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of HF Sinclair during the third quarter worth about $50,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DINO. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. Morgan Stanley lowered their price objective 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. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Finally, Barclays cut their price target on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have given 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 Trading Down 0.6 %

Shares of HF Sinclair stock opened at $33.07 on Friday. The company has a 50-day moving average of $35.03 and a two-hundred day moving average of $38.83. The stock has a market cap of $6.23 billion, a PE ratio of 40.33 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 Co. has a 12-month low of $29.85 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.05%. HF Sinclair’s payout ratio is 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

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.