Marshall Wace LLP Invests $302,000 in HF Sinclair Co. (NYSE:DINO)

Marshall Wace LLP purchased a new stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,604 shares of the company's stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of HF Sinclair by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock worth $669,000 after purchasing an additional 367 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock worth $2,253,000 after purchasing an additional 390 shares during the last quarter. Evergreen Private Wealth LLC lifted its stake in HF Sinclair by 1.5% in the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock valued at $938,000 after buying an additional 392 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after buying an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on DINO. Scotiabank reduced their target price 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. Mizuho reduced their price objective on 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 lowered their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reduced their target price on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, Barclays lowered their price target on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $42.30.

HF Sinclair Price Performance

NYSE:DINO remained flat at $34.12 on Friday. 1,650,294 shares of the company's stock traded hands, compared to its average volume of 2,444,735. The stock has a fifty day moving average price of $30.93 and a two-hundred day moving average price of $35.45. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a market capitalization of $6.43 billion, a PE ratio of 41.61 and a beta of 0.81.

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

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders 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 dividend yield of 5.86%. The ex-dividend date is Thursday, May 15th. HF Sinclair's dividend payout ratio is presently -259.74%.

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.