GF Fund Management CO. LTD. Invests $1.74 Million in HF Sinclair Co. (NYSE:DINO)

GF Fund Management CO. LTD. purchased a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 49,653 shares of the company's stock, valued at approximately $1,740,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DINO. USS Investment Management Ltd grew its holdings in shares of HF Sinclair by 50.0% during the 4th quarter. USS Investment Management Ltd now owns 28,500 shares of the company's stock worth $998,000 after purchasing an additional 9,500 shares during the period. Voloridge Investment Management LLC boosted its position in shares of HF Sinclair by 104.8% during the fourth quarter. Voloridge Investment Management LLC now owns 1,232,387 shares of the company's stock worth $43,195,000 after buying an additional 630,538 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in HF Sinclair during the 4th quarter worth about $8,239,000. WBI Investments LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $1,697,000. Finally, Towle & Co. boosted its stake in shares of HF Sinclair by 11.8% in the fourth quarter. Towle & Co. now owns 483,325 shares of the company's stock valued at $16,941,000 after purchasing an additional 51,138 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock traded down $0.41 during trading hours on Friday, hitting $36.15. The stock had a trading volume of 1,239,838 shares, compared to its average volume of 2,493,188. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $55.24. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 44.07 and a beta of 0.81. The stock's fifty day moving average is $31.98 and its two-hundred day moving average is $35.01. 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) EPS for the quarter, topping 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 business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the firm earned $0.71 EPS. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts predict that HF Sinclair Co. will post 2.39 earnings per share 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 given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.53%. HF Sinclair's dividend payout ratio is presently -259.74%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DINO. TD Cowen upped their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Wells Fargo & Company lowered their target price 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 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. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Finally, Barclays upped their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.30.

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.