Two Sigma Advisers LP bought a new stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 106,900 shares of the company's stock, valued at approximately $3,747,000. Two Sigma Advisers LP owned approximately 0.06% of HF Sinclair at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair during the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair during the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its holdings in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in HF Sinclair by 98.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after purchasing an additional 796 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after purchasing an additional 417 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.
HF Sinclair Stock Down 1.2%
Shares of NYSE DINO traded down $0.44 during midday trading on Friday, reaching $36.12. 3,100,940 shares of the company's stock traded hands, compared to its average volume of 2,497,366. HF Sinclair Co. has a one year low of $24.66 and a one year high of $55.22. The stock's 50 day simple moving average is $32.04 and its 200-day simple moving average is $34.92. 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 $6.81 billion, a price-to-earnings ratio of 44.05 and a beta of 0.81.
HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $0.71 earnings per share. HF Sinclair's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.
HF Sinclair Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.54%. HF Sinclair's payout ratio is -259.74%.
Wall Street Analyst Weigh In
A number of brokerages have commented on DINO. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Wells Fargo & Company dropped their target price 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 dropped their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler dropped their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley dropped their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.30.
Check Out Our Latest Research Report on DINO
About HF Sinclair
(
Free Report)
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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