HF Sinclair Co. (NYSE:DINO) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in HF Sinclair Co. (NYSE:DINO) by 158.0% during the fourth quarter, HoldingsChannel reports. The fund owned 49,003 shares of the company’s stock after buying an additional 30,013 shares during the period. Intech Investment Management LLC’s holdings in HF Sinclair were worth $1,718,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of HF Sinclair by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 49,384 shares of the company’s stock worth $2,201,000 after purchasing an additional 3,456 shares during the period. Mutual of America Capital Management LLC boosted its stake in HF Sinclair by 2.1% during the third quarter. Mutual of America Capital Management LLC now owns 87,656 shares of the company’s stock worth $3,907,000 after buying an additional 1,840 shares during the period. Thrivent Financial for Lutherans increased its position in shares of HF Sinclair by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company’s stock valued at $1,711,000 after acquiring an additional 1,890 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $1,095,000. Finally, Advisors Asset Management Inc. boosted its position in shares of HF Sinclair by 42.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 31,171 shares of the company’s stock worth $1,389,000 after purchasing an additional 9,346 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Trading Down 1.0 %

NYSE DINO opened at $33.54 on Friday. HF Sinclair Co. has a 52 week low of $29.85 and a 52 week high of $64.16. The firm has a 50 day moving average of $35.38 and a two-hundred day moving average of $39.28. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.32 billion, a PE ratio of 40.90 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.96%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Barclays decreased their target price on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their target price on 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 increased their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.00.

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.