BI Asset Management Fondsmaeglerselskab A S Buys Shares of 22,143 HF Sinclair Co. (NYSE:DINO)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in HF Sinclair Co. (NYSE:DINO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,143 shares of the company's stock, valued at approximately $776,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in HF Sinclair in the 4th quarter valued at about $41,317,000. Thompson Siegel & Walmsley LLC raised its position in shares of HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock valued at $74,116,000 after buying an additional 1,126,825 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after buying an additional 1,096,485 shares during the period. Amundi boosted its position in HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after acquiring an additional 996,155 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after acquiring an additional 737,696 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on 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 dropped their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley dropped 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. Scotiabank dropped their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, HF Sinclair currently has an average rating of "Hold" and a consensus price target of $44.50.

HF Sinclair Stock Down 0.9 %

NYSE:DINO traded down $0.28 during mid-day trading on Tuesday, reaching $30.41. The stock had a trading volume of 281,950 shares, compared to its average volume of 2,391,571. The stock's 50 day simple moving average is $31.47 and its two-hundred day simple moving average is $36.13. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 37.02 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

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

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.58%. HF Sinclair's payout ratio is currently 243.90%.

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.