Point72 Hong Kong Ltd Makes New Investment in HF Sinclair Co. (NYSE:DINO)

Point72 Hong Kong Ltd acquired a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 65,001 shares of the company's stock, valued at approximately $2,278,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in HF Sinclair by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after purchasing an additional 737,696 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after purchasing an additional 617,218 shares in the last quarter. First Trust Advisors LP increased its holdings in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. AQR Capital Management LLC increased its holdings in HF Sinclair by 61.6% in the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock worth $82,536,000 after purchasing an additional 906,225 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in HF Sinclair by 114.1% in the fourth 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 in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on DINO. Scotiabank decreased their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley cut their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company dropped their price target on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. 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 report on Friday, May 2nd. Finally, TD Cowen lifted their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.30.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. The trade was a 3.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.34% of the company's stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded down $0.49 during trading on Wednesday, hitting $35.66. 989,097 shares of the stock traded hands, compared to its average volume of 3,207,654. 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 cap of $6.72 billion, a price-to-earnings ratio of 43.48 and a beta of 0.81. The firm's fifty day moving average is $31.64 and its 200-day moving average is $35.23. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $57.30.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company's revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. Research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.61%. HF Sinclair's dividend payout ratio (DPR) is presently -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.