Northern Trust Corp Purchases 141,502 Shares of HF Sinclair Co. (NYSE:DINO)

Northern Trust Corp increased its position in HF Sinclair Co. (NYSE:DINO) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,725,679 shares of the company’s stock after buying an additional 141,502 shares during the quarter. Northern Trust Corp owned 0.92% of HF Sinclair worth $60,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DINO. Norges Bank bought a new position in shares of HF Sinclair during the fourth quarter valued at $41,317,000. Thompson Siegel & Walmsley LLC raised its position in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the last quarter. First Trust Advisors LP lifted its holdings in HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after buying an additional 1,096,485 shares during the period. Amundi grew its position in shares of HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after buying an additional 996,155 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock valued at $240,026,000 after buying an additional 737,696 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DINO. Barclays reduced their target price on HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Piper Sandler reduced their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Mizuho lowered their target price on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Morgan Stanley cut their price target on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Scotiabank dropped their price objective on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.30.

HF Sinclair Stock Down 0.1 %

Shares of NYSE DINO opened at $32.67 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $58.73. The stock has a market capitalization of $6.15 billion, a P/E ratio of 39.84 and a beta of 0.81. The company has a 50-day moving average price of $30.92 and a 200-day moving average price of $35.66.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the company posted $0.71 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Thursday, May 15th. HF Sinclair’s dividend payout ratio is -259.74%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents 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. Company insiders own 0.34% of the company’s stock.

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.