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

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

Several other institutional investors and hedge funds also recently made changes to their positions in DINO. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair in the 4th quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its holdings in HF Sinclair by 53.9% during the 4th 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. Finally, MassMutual Private Wealth & Trust FSB boosted its position in HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after acquiring an additional 558 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DINO. Barclays cut their price target on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. 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 report on Friday, May 2nd. TD Cowen increased their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Scotiabank reduced their price target on 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. Finally, Mizuho reduced their price target 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and a consensus target price of $42.30.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.07 during midday trading on Wednesday, reaching $32.68. 2,610,755 shares of the stock traded hands, compared to its average volume of 2,444,619. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73. 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 stock's fifty day moving average is $30.87 and its 200-day moving average is $35.64. The stock has a market cap of $6.16 billion, a P/E ratio of 39.85 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders 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 dividend on an annualized basis and a yield of 6.12%. HF Sinclair's payout ratio is -259.74%.

Insider Buying and Selling

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

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.