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

GF Fund Management CO. LTD. acquired a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 49,653 shares of the company's stock, valued at approximately $1,740,000.

Other hedge funds also recently modified their holdings of the company. Amundi grew its stake in shares of HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after purchasing an additional 996,155 shares during the last quarter. Aigen Investment Management LP grew its stake in shares of HF Sinclair by 124.9% during 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 last quarter. Norges Bank bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $41,317,000. Merit Financial Group LLC bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $263,000. Finally, Blue Trust Inc. grew its stake in shares of HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after purchasing an additional 2,655 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DINO. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price target for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Morgan Stanley decreased their price target 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. Barclays increased their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. 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 research note on Friday, April 11th. Finally, Wells Fargo & Company reduced their price objective 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. 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 a consensus price target of $43.30.

HF Sinclair Trading Down 1.4%

Shares of NYSE DINO traded down $0.51 during midday trading on Wednesday, reaching $36.09. 2,647,082 shares of the stock were exchanged, compared to its average volume of 2,491,301. The business has a 50-day simple moving average of $31.86 and a two-hundred day simple moving average of $35.04. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 44.01 and a beta of 0.81. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $55.77. 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 announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. As a group, equities research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company 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 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 dividend yield of 5.54%. HF Sinclair's dividend 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.