Redwood Investment Management LLC Has $3.92 Million Holdings in HF Sinclair Co. (NYSE:DINO)

Redwood Investment Management LLC grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 41.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,748 shares of the company’s stock after purchasing an additional 32,830 shares during the quarter. Redwood Investment Management LLC’s holdings in HF Sinclair were worth $3,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Balyasny Asset Management L.P. raised its stake in HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after buying an additional 1,593,875 shares during the last quarter. Norges Bank bought a new position in shares of HF Sinclair in the 4th quarter worth about $41,317,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after purchasing an additional 1,126,825 shares during the period. First Trust Advisors LP lifted its stake in shares of HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after purchasing an additional 1,096,485 shares during the period. Finally, Amundi increased its holdings in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after purchasing an additional 996,155 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the firm’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 completion of the acquisition, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research analyst reports. Barclays increased their price target on HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday. Wells Fargo & Company cut their target price on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Mizuho raised shares of HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $47.00 in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler reduced their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.30.

HF Sinclair Stock Up 0.7%

HF Sinclair stock opened at $36.98 on Thursday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 45.10 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The firm’s fifty day moving average price is $31.21 and its two-hundred day moving average price is $35.37.

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

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s payout ratio is -259.74%.

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.