Bridgeway Capital Management LLC Sells 10,700 Shares of HF Sinclair Co. (NYSE:DINO)

Bridgeway Capital Management LLC lessened its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,050 shares of the company's stock after selling 10,700 shares during the quarter. Bridgeway Capital Management LLC's holdings in HF Sinclair were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DINO. Captrust Financial Advisors boosted its position in HF Sinclair by 282.9% during the fourth quarter. Captrust Financial Advisors now owns 70,748 shares of the company's stock valued at $2,480,000 after acquiring an additional 52,273 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after acquiring an additional 1,593,875 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of HF Sinclair during the fourth quarter worth about $1,311,000. Alyeska Investment Group L.P. lifted its stake in HF Sinclair by 8.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 441,178 shares of the company's stock valued at $15,463,000 after acquiring an additional 33,219 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in HF Sinclair by 69.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,475 shares of the company's stock worth $648,000 after purchasing an additional 7,604 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on DINO shares. Barclays boosted their price objective on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday. Wells Fargo & Company lowered their price target on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Morgan Stanley reduced their price target 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. TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Finally, Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a research note on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.30.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

HF Sinclair Trading Up 0.7%

HF Sinclair stock traded up $0.27 during mid-day trading on Wednesday, reaching $36.98. 2,959,045 shares of the company traded hands, compared to its average volume of 2,462,627. 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 Co. has a 52-week low of $24.66 and a 52-week high of $58.73. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 45.10 and a beta of 0.81. The firm's 50 day moving average price is $31.12 and its 200 day moving average price is $35.35.

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

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

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.