Raymond James Financial Inc. Buys Shares of 251,929 HF Sinclair Co. (NYSE:DINO)

Raymond James Financial Inc. bought a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 251,929 shares of the company’s stock, valued at approximately $8,830,000.

Other large investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair during the 4th quarter valued at $27,000. Millburn Ridgefield Corp acquired a new stake in shares of HF Sinclair during the third quarter worth $50,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of HF Sinclair during the third quarter worth $59,000. Quarry LP boosted its holdings in shares of HF Sinclair by 1,591.3% during the third quarter. Quarry LP now owns 1,353 shares of the company’s stock worth $60,000 after purchasing an additional 1,273 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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 purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen decreased their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Barclays decreased their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Finally, Wells Fargo & Company raised their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday. Seven investment 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 presently has an average rating of “Hold” and an average price target of $47.00.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $33.54 on Friday. The business’s fifty day moving average price is $35.38 and its 200 day moving average price is $39.28. The stock has a market capitalization of $6.32 billion, a P/E ratio of 40.90 and a beta of 1.13. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The company 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%. As a group, research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 was Thursday, March 6th. HF Sinclair’s dividend payout ratio is presently 243.90%.

HF Sinclair Company 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.