Millennium Management LLC Has $22.45 Million Stake in HF Sinclair Co. (NYSE:DINO)

Millennium Management LLC lowered its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 89.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 640,598 shares of the company's stock after selling 5,610,207 shares during the period. Millennium Management LLC owned 0.34% of HF Sinclair worth $22,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Amundi increased its position in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after buying an additional 996,155 shares during the period. Aigen Investment Management LP grew its stake in shares of HF Sinclair by 124.9% in the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after acquiring an additional 35,121 shares in the last quarter. Norges Bank acquired a new position in shares of HF Sinclair in the fourth quarter valued at about $41,317,000. Merit Financial Group LLC bought a new position in HF Sinclair during the fourth quarter worth about $263,000. Finally, Blue Trust Inc. raised its stake in HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock worth $254,000 after purchasing an additional 2,655 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO stock traded up $0.13 on Monday, hitting $35.58. 1,617,786 shares of the company's stock were exchanged, compared to its average volume of 2,485,955. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $56.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company has a 50 day moving average of $31.81 and a 200 day moving average of $35.03. The stock has a market cap of $6.70 billion, a P/E ratio of 43.39 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, topping 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. HF Sinclair's dividend payout ratio is currently -259.74%.

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of analyst reports. Scotiabank decreased 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 report on Friday, April 11th. 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. Barclays lifted their price objective on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and upped their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Finally, Piper Sandler decreased their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus target price 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.