Ensign Peak Advisors Inc Boosts Stake in HF Sinclair Co. (NYSE:DINO)

Ensign Peak Advisors Inc raised its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 43.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,185 shares of the company's stock after purchasing an additional 25,636 shares during the quarter. Ensign Peak Advisors Inc's holdings in HF Sinclair were worth $2,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair in the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC grew its stake in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DINO. Piper Sandler dropped their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price objective on 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 dropped their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. TD Cowen boosted their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Finally, Scotiabank cut their price target 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.30.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $37.22 on Friday. The stock's 50-day moving average is $31.33 and its two-hundred day moving average is $35.33. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 45.39 and a beta of 0.81. 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 data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.37%. HF Sinclair's dividend payout ratio is currently -259.74%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased 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 $5,493,957.90. This trade represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

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.

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