Gallacher Capital Management LLC Reduces Stake in HF Sinclair Co. (NYSE:DINO)

Gallacher Capital Management LLC decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 62.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,588 shares of the company’s stock after selling 5,985 shares during the quarter. Gallacher Capital Management LLC’s holdings in HF Sinclair were worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Unison Advisors LLC boosted its position in shares of HF Sinclair by 0.8% in the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after purchasing an additional 179 shares during the period. Capital Advisors Wealth Management LLC increased its stake in HF Sinclair by 2.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after purchasing an additional 190 shares during the period. King Luther Capital Management Corp raised its holdings in shares of HF Sinclair by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 64,018 shares of the company’s stock valued at $3,557,000 after buying an additional 194 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after buying an additional 224 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of HF Sinclair by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,703 shares of the company’s stock worth $4,688,000 after buying an additional 275 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Down 0.5 %

Shares of DINO stock traded down $0.23 during trading hours on Friday, reaching $47.85. The company had a trading volume of 432,005 shares, compared to its average volume of 1,995,726. The company has a market capitalization of $9.19 billion, a P/E ratio of 5.95 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. HF Sinclair Co. has a twelve month low of $45.63 and a twelve month high of $64.16. The stock’s fifty day simple moving average is $53.98 and its 200 day simple moving average is $56.18.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that HF Sinclair Co. will post 5.21 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were paid a $0.50 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.18%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the purchase, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their price objective on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. cut their target price on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Scotiabank raised their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Finally, Argus raised HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $63.83.

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.