Balyasny Asset Management L.P. Purchases 1,593,875 Shares of HF Sinclair Co. (NYSE:DINO)

Balyasny Asset Management L.P. boosted its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 645.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,840,955 shares of the company's stock after purchasing an additional 1,593,875 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.98% of HF Sinclair worth $64,525,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now owns 154,065 shares in the company, 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 through this hyperlink. Company insiders own 0.34% of the company's stock.

HF Sinclair Trading Up 0.2 %

Shares of HF Sinclair stock traded up $0.07 during trading on Wednesday, reaching $32.68. 2,610,755 shares of the company were exchanged, compared to its average volume of 2,444,619. The business has a 50-day moving average price of $30.87 and a 200-day moving average price of $35.64. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 39.85 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. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $58.73.

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, topping analysts' consensus estimates of ($0.41) by $0.14. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Sell-side analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 6.12%. HF Sinclair's dividend payout ratio is currently -259.74%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DINO shares. Morgan Stanley reduced 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. Piper Sandler dropped their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Mizuho reduced their price target on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company decreased their price objective 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, Scotiabank dropped their target price 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $42.30.

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.