HF Sinclair Co. (NYSE:DINO) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 34.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,177 shares of the company's stock after acquiring an additional 11,100 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in HF Sinclair were worth $1,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Balyasny Asset Management L.P. increased its position in shares of HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after purchasing an additional 1,593,875 shares during the last quarter. Norges Bank acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $41,317,000. Thompson Siegel & Walmsley LLC increased its position in shares of HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the last quarter. First Trust Advisors LP increased its position in shares of HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after purchasing an additional 1,096,485 shares during the last quarter. Finally, Amundi grew its position in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after acquiring an additional 996,155 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DINO has been the subject of several research reports. Scotiabank dropped their target price on 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. Piper Sandler dropped their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Barclays lifted their target price on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. TD Cowen lifted their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their target price on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.30.

HF Sinclair Stock Performance

DINO traded down $0.29 during trading on Thursday, hitting $35.82. 816,906 shares of the stock were exchanged, compared to its average volume of 3,160,425. The firm has a market capitalization of $6.75 billion, a P/E ratio of 43.67 and a beta of 0.81. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $55.77. The stock has a fifty day moving average price of $31.91 and a two-hundred day moving average price of $35.05. 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 (NYSE:DINO - Get Free Report) last released its earnings results 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 business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's 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.