HF Sinclair Co. (NYSE:DINO) Stake Lowered by Invesco Ltd.

Invesco Ltd. decreased its stake in HF Sinclair Co. (NYSE:DINO) by 51.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,317,202 shares of the company’s stock after selling 1,410,691 shares during the period. Invesco Ltd. owned 0.70% of HF Sinclair worth $46,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter valued at $27,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair during the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after purchasing an additional 558 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.6 %

NYSE:DINO opened at $27.40 on Wednesday. The stock has a fifty day simple moving average of $32.87 and a 200 day simple moving average of $37.19. 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 firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 33.42 and a beta of 1.00. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.87.

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 analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 7.30%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Buying and Selling

In related news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the topic of several analyst reports. Barclays lowered their target price on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. Mizuho lowered their target price on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Scotiabank reduced their price target on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, TD Cowen lowered their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.70.

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.