HF Sinclair Co. (NYSE:DINO) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its stake in shares of HF Sinclair Co. (NYSE:DINO) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,053 shares of the company’s stock after selling 517 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.12% of HF Sinclair worth $12,284,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its holdings in HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of HF Sinclair in the 1st quarter worth about $36,000. Baystate Wealth Management LLC bought a new position in shares of HF Sinclair in the 4th quarter worth about $37,000. Ronald Blue Trust Inc. lifted its position in shares of HF Sinclair by 200.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 726 shares of the company’s stock worth $41,000 after buying an additional 484 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of HF Sinclair in the 1st quarter worth about $52,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 4,180 shares of the stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $58.94 per share, with a total value of $246,369.20. Following the purchase, the director now directly owns 131,793 shares of the company’s stock, valued at approximately $7,767,879.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers acquired 4,180 shares of the stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the purchase, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.57 during trading hours on Friday, hitting $56.85. 1,603,546 shares of the company traded hands, compared to its average volume of 1,555,227. The firm has a market cap of $11.21 billion, a P/E ratio of 6.85 and a beta of 1.28. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $59.09 and its two-hundred day simple moving average is $56.20. HF Sinclair Co. has a 1-year low of $37.12 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.72 by $0.15. The firm had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. HF Sinclair’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the company earned $2.97 EPS. As a group, analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were paid a dividend of $0.50 per share. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 3.52%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.10%.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent research reports. TD Cowen raised their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Piper Sandler raised their price target on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Barclays started coverage on shares of HF Sinclair in a research report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Scotiabank lifted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Finally, Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.42.

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.