HF Sinclair Co. (NYSE:DINO) Stake Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 254.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,000 shares of the company's stock after purchasing an additional 241,200 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.18% of HF Sinclair worth $11,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DINO. JPMorgan Chase & Co. lifted its stake in shares of HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock valued at $37,845,000 after buying an additional 33,373 shares during the period. Amundi boosted its holdings in shares of 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 purchasing an additional 996,155 shares during the last quarter. Aigen Investment Management LP grew its position in shares of HF Sinclair by 124.9% in the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after purchasing an additional 35,121 shares during the period. Norges Bank acquired a new position in HF Sinclair in the fourth quarter valued at $41,317,000. Finally, Merit Financial Group LLC purchased a new position in HF Sinclair during the fourth quarter worth about $263,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 0.0 %

NYSE DINO traded down $0.01 on Friday, reaching $30.55. The company had a trading volume of 1,295,636 shares, compared to its average volume of 2,396,529. The firm has a market capitalization of $5.76 billion, a PE ratio of 37.26 and a beta of 1.00. The firm has a 50-day moving average of $31.61 and a 200-day moving average of $36.36. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $58.73. 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 released 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 for the quarter, compared to analyst estimates of $6.56 billion. On average, equities research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.55%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays lowered their price target on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Mizuho dropped 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. Scotiabank decreased their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of "Hold" and a consensus target price of $44.50.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, 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 SEC, which can be accessed through this link. 0.28% of the stock is owned by insiders.

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.