Nuveen Asset Management LLC Has $22.87 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Nuveen Asset Management LLC boosted its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 652,489 shares of the company's stock after buying an additional 46,508 shares during the period. Nuveen Asset Management LLC owned 0.35% of HF Sinclair worth $22,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $31,000. Lee Danner & Bass Inc. purchased a new stake in HF Sinclair during the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its position 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 worth $33,000 after purchasing an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position 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 worth $48,000 after purchasing an additional 558 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of HF Sinclair by 98.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after purchasing an additional 796 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DINO shares. Morgan Stanley reduced their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Barclays increased their price objective on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Piper Sandler dropped their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Finally, TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and a consensus price target of $43.30.

HF Sinclair Stock Performance

DINO stock traded down $0.29 during midday trading on Thursday, hitting $35.82. 816,906 shares of the company traded hands, compared to its average volume of 3,160,425. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $55.77. 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 business has a 50 day simple moving average of $31.91 and a 200-day simple moving average of $35.05. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 43.67 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly 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 return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities research analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued 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 yield of 5.58%. HF Sinclair's dividend payout ratio (DPR) is presently -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.