Ethic Inc. Buys 7,883 Shares of HF Sinclair Co. (NYSE:DINO)

Ethic Inc. increased its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,857 shares of the company's stock after buying an additional 7,883 shares during the quarter. Ethic Inc.'s holdings in HF Sinclair were worth $1,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Deprince Race & Zollo Inc. acquired a new stake in HF Sinclair in the fourth quarter valued at $6,742,000. Captrust Financial Advisors raised its stake in HF Sinclair by 282.9% in the fourth quarter. Captrust Financial Advisors now owns 70,748 shares of the company's stock valued at $2,480,000 after buying an additional 52,273 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of HF Sinclair by 645.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock valued at $64,525,000 after buying an additional 1,593,875 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of HF Sinclair during the 4th quarter worth approximately $1,311,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of HF Sinclair by 8.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 441,178 shares of the company's stock worth $15,463,000 after acquiring an additional 33,219 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on DINO. Morgan Stanley decreased their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company decreased their price target on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Scotiabank cut their price objective on shares of 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. TD Cowen boosted their price target 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 lowered their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, HF Sinclair has an average rating of "Hold" and an average target price of $42.60.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now 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 legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by insiders.

HF Sinclair Stock Up 3.6%

DINO stock opened at $35.34 on Tuesday. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $58.73. The business has a 50-day simple moving average of $31.02 and a 200 day simple moving average of $35.35. 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 company has a market cap of $6.66 billion, a PE ratio of 43.10 and a beta of 0.81.

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

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.66%. HF Sinclair's payout ratio is -259.74%.

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.

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