Aviva PLC Makes New $567,000 Investment in HF Sinclair Co. (NYSE:DINO)

Aviva PLC acquired a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,164 shares of the company's stock, valued at approximately $567,000.

Several other hedge funds have also modified their holdings of DINO. JPMorgan Chase & Co. increased 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 acquiring an additional 33,373 shares during the last quarter. Amundi increased its position in HF Sinclair by 132.3% during the 4th 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. Aigen Investment Management LP increased its position in HF Sinclair by 124.9% during the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock worth $2,216,000 after purchasing an additional 35,121 shares in the last quarter. Norges Bank purchased a new position in HF Sinclair in the fourth quarter valued at approximately $41,317,000. Finally, Merit Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter valued at approximately $263,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DINO has been the topic of several recent research reports. Mizuho reduced their target price on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. TD Cowen reduced their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley lowered their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Wells Fargo & Company boosted their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, Barclays lowered their price objective 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.10.

Insider Buying and Selling

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company's stock.

HF Sinclair Stock Up 3.1 %

Shares of DINO traded up $0.86 during trading on Wednesday, reaching $28.27. The company's stock had a trading volume of 502,458 shares, compared to its average volume of 3,351,149. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $58.74. 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 company has a market cap of $5.33 billion, a price-to-earnings ratio of 34.51 and a beta of 1.00. The company has a fifty day moving average of $32.87 and a two-hundred day moving average of $37.19.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 7.07%. HF Sinclair's payout ratio is 243.90%.

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.