LPL Financial LLC, one of the largest independent broker-dealers in the United States, has reported an increase in its holdings in shares of HF Sinclair Co. by 10.6% during the fourth quarter. The recent 13F filing with the Securities and Exchange Commission highlights that LPL Financial’s holdings were worth $1,557,000 as of its most recent SEC filing.
HF Sinclair Co., traded on the NYSE under the ticker symbol DINO, has been attracting attention from investors and analysts alike. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from Bloomberg, HF Sinclair Co. presently has an average rating of “Moderate Buy” and a consensus target price of $59.33.
Several analysts recently weighed in on DINO shares, with mixed views on the company’s future performance. TD Cowen dropped their price objective on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating for the company in a research report on Friday, May 5th. On Wednesday, March 8th, UBS Group assumed coverage on shares of HF Sinclair with a “neutral” rating and a $58.00 price objective for the company.
Meanwhile, Wells Fargo & Company raised HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a report on Thursday, March 16th. JPMorgan Chase & Co., increased their target price on shares of HF Sinclair from $55.00 to $58.00 but gave it a “neutral” rating in a report published on Tuesday, March 28th.
Finally, Mizuho decreased their target price on HF Sinclair from $69.00 to $56.00 in a report released last week Friday (May 19).
HF Sinclair stock opened at $42.84 on Friday. The company has a 52-week low of $37.12 and a 52-week high of $66.19, while its market capitalization reached $8.24 billion. It currently trades at a P/E ratio of 2.94, with its P/E/G ratio standing at 2.98 and a beta of 1.42.
The company boasts a quick ratio of 1.00, a current ratio of 2.10 and a debt-to-equity ratio of 0.29, backed up by its recent financials, which showed steady growth in revenue and profits.
Industry analysts remain cautiously optimistic about HF Sinclair Co.’s future performance, based on the diverse ratings from leading industry experts and promising financial fundamentals the company is reporting this year so far.
Major Shareholders Buy and Sell HF Sinclair Stocks in Latest Quarter
HF Sinclair: Major Shareholders Add or Reduce Stakes in Company
Large investors have both increased and reduced their stakes in HF Sinclair, according to recent reports. Red Tortoise LLC bought a new stake in the company’s shares during the last quarter of 2016, valued at approximately $25,000. U.S Capital Wealth Advisors LLC bought a new position during the same period worth about $26,000. In addition, Gladius Capital Management LP acquired a new stake in HF Sinclair’s shares in the same quarter for around $33,000. Finally, Lansing Street Advisors acquired a new stake in 2016’s fourth quarter for near $46,000. At present, institutional investors own almost 88% of the company’s stock.
Major shareholder Carol Orme Holding also made headlines after she sold 4 million shares of HF Sinclair stocks on March 30th. Sold at an average price of $47.59 per share, this transaction totaled approximately $190 million. As of March 30th, Orme Holding still owns close to 35 million shares with an approximate value of over $1 billion.
Company insiders also saw some shares sold recently by CEO Michael Jennings and major shareholder Carol Orme Holding; Jennings reportedly sold 50k shares on March 8th for just over $2.5 million while Holding sold another batch of stocks on March 30th.
Many equities research analysts weighed in on DINO shares recently with varied ratings and perspectives; Mizuho decreased its target price from to $56 from an initial $69 while Wells Fargo rated stocks “overweight”. Bloomberg estimates that H.F Sinclair has an overall average rating of “Moderately Buy” and one can expect it to announce its quarterly earnings later this year with revenues predicted to be up by over a percentage point compared to last year’s figures.
HF Sinclair Co. has announced that it will pay its upcoming quarterly dividend to stockholders on June 1st. Shareholders of record on May 18th will be issued a $0.45 dividend; the ex-dividend date is therefore set for May 17th. HF Sinclair said that its dividend payout ratio (DPR) is currently at 12.34%.
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