Bayesian Capital Management LP Purchases New Stake in HF Sinclair Co. (NYSE:DINO)

Bayesian Capital Management LP acquired a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,393 shares of the company's stock, valued at approximately $1,311,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in HF Sinclair in the fourth quarter valued at approximately $41,317,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after buying an additional 1,126,825 shares during the last quarter. First Trust Advisors LP grew its stake in shares of HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after purchasing an additional 1,096,485 shares during the last quarter. Amundi grew its position in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after buying an additional 996,155 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in HF Sinclair by 61.6% during the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock worth $82,536,000 after buying an additional 906,225 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analysts Set New Price Targets

DINO has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of 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. Barclays decreased their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Scotiabank dropped their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Mizuho decreased 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. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $42.30.

Insider Buying and Selling

In other news, Director Franklin Myers acquired 5,000 shares of the firm's 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 transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by insiders.

HF Sinclair Stock Performance

Shares of HF Sinclair stock remained flat at $34.12 during trading hours on Friday. The stock had a trading volume of 1,650,294 shares, compared to its average volume of 2,444,735. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $58.73. The business's 50-day simple moving average is $30.93 and its 200 day simple moving average is $35.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 41.61 and a beta of 0.81.

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, beating 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 business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company 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 $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.86%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

About HF Sinclair

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.