Schroder Investment Management Group Decreases Stake in HF Sinclair Co. (NYSE:DINO)

Schroder Investment Management Group lessened its stake in HF Sinclair Co. (NYSE:DINO) by 63.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,287 shares of the company’s stock after selling 288,635 shares during the quarter. Schroder Investment Management Group owned 0.09% of HF Sinclair worth $5,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DINO. FMR LLC grew its holdings in shares of HF Sinclair by 13.8% in the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after acquiring an additional 141,472 shares during the period. Townsquare Capital LLC acquired a new stake in HF Sinclair in the third quarter valued at $220,000. Captrust Financial Advisors increased its position in shares of HF Sinclair by 14.2% in the third quarter. Captrust Financial Advisors now owns 18,475 shares of the company’s stock valued at $823,000 after buying an additional 2,297 shares in the last quarter. Janus Henderson Group PLC raised its position in HF Sinclair by 4.9% during the third quarter. Janus Henderson Group PLC now owns 706,799 shares of the company’s stock worth $31,502,000 after acquiring an additional 32,951 shares during the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in shares of HF Sinclair by 6.4% in the third quarter. Investment Management Corp of Ontario now owns 28,456 shares of the company’s stock valued at $1,268,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 6.2 %

Shares of NYSE:DINO opened at $27.46 on Friday. The firm has a fifty day moving average of $34.55 and a two-hundred day moving average of $38.35. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $26.02 and a 12-month high of $64.16. The firm has a market capitalization of $5.17 billion, a P/E ratio of 33.48 and a beta of 1.13.

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

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DINO. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research report on Friday, March 7th. Morgan Stanley lowered their price target on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. TD Cowen cut their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Barclays decreased their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. reduced their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and a consensus target price of $46.50.

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.