Ameriprise Financial Inc. Sells 32,598 Shares of HF Sinclair Co. (NYSE:DINO)

Ameriprise Financial Inc. reduced its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 13.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 218,307 shares of the company's stock after selling 32,598 shares during the period. Ameriprise Financial Inc. owned about 0.12% of HF Sinclair worth $7,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DINO. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 327 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock worth $2,253,000 after acquiring an additional 390 shares during the last quarter. Evergreen Private Wealth LLC raised its stake in shares of HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock worth $938,000 after acquiring an additional 392 shares during the last quarter. IFP Advisors Inc raised its stake in shares of HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in shares of HF Sinclair by 7.2% in the fourth quarter. Forum Financial Management LP now owns 6,345 shares of the company's stock worth $222,000 after acquiring an additional 424 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on DINO shares. Barclays boosted 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. Piper Sandler dropped their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Morgan Stanley lowered 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. Finally, Scotiabank lowered their price target 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. Six 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, HF Sinclair currently has a consensus rating of "Moderate Buy" and an average price target of $43.30.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company's stock.

HF Sinclair Trading Up 2.9%

NYSE DINO traded up $1.02 during trading on Tuesday, reaching $36.60. 2,531,078 shares of the stock traded hands, compared to its average volume of 2,486,136. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 44.63 and a beta of 0.81. The stock's 50-day moving average price is $31.86 and its 200 day moving average price is $35.04. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a fifty-two week low of $24.66 and a fifty-two week high of $56.96.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The firm had revenue of $6.37 billion during 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 revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. Analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -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.