Alyeska Investment Group L.P. Acquires 33,219 Shares of HF Sinclair Co. (NYSE:DINO)

Alyeska Investment Group L.P. raised its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 441,178 shares of the company's stock after buying an additional 33,219 shares during the quarter. Alyeska Investment Group L.P. owned about 0.23% of HF Sinclair worth $15,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock worth $669,000 after buying an additional 367 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake 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 buying an additional 390 shares during the last quarter. Evergreen Private Wealth LLC grew its stake in HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock valued at $938,000 after purchasing an additional 392 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were bought 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 in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by company insiders.

Analyst Ratings Changes

DINO has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Morgan Stanley dropped their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Mizuho cut their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company lowered their target price on 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, HF Sinclair has an average rating of "Hold" and a consensus price target of $42.30.

HF Sinclair Price Performance

Shares of DINO stock traded up $1.39 on Thursday, reaching $34.09. The company had a trading volume of 2,574,997 shares, compared to its average volume of 2,441,209. The stock has a market capitalization of $6.42 billion, a PE ratio of 41.58 and a beta of 0.81. 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 business's 50-day moving average is $30.87 and its 200 day moving average is $35.64. HF Sinclair Co. has a one year low of $24.66 and a one year high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company's revenue was down 9.3% on a year-over-year basis. Equities research analysts forecast 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -259.74%.

HF Sinclair Company 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.