HF Sinclair Co. (NYSE:DINO) Stock Position Lifted by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. raised its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

A number of other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock worth $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Amundi lifted 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 worth $61,025,000 after buying an additional 996,155 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of HF Sinclair by 124.9% in the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after buying an additional 35,121 shares during the period. Norges Bank bought a new stake in shares of HF Sinclair during the 4th quarter valued at about $41,317,000. Finally, Merit Financial Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at about $263,000. Institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DINO shares. Piper Sandler decreased 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. Barclays lowered their price target on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho cut their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley decreased their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, TD Cowen lifted their price target on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.30.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by insiders.

HF Sinclair Price Performance

Shares of HF Sinclair stock remained flat at $34.12 during trading on Friday. The stock had a trading volume of 1,650,294 shares, compared to its average volume of 2,444,735. The firm's fifty day simple moving average is $30.93 and its two-hundred day simple moving average is $35.45. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 41.61 and a beta of 0.81. HF Sinclair Co. has a twelve month low of $24.66 and a twelve 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.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company 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 company posted $0.71 EPS. The business's revenue was down 9.3% compared to the same quarter last year. As a group, research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend 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 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.