Nomura Holdings Inc. Invests $744,000 in HF Sinclair Co. (NYSE:DINO)

Nomura Holdings Inc. acquired a new stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,221 shares of the company's stock, valued at approximately $744,000.

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

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research reports. Morgan Stanley reduced their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company reduced their price target on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Scotiabank dropped their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler dropped their price objective 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. Finally, TD Cowen lifted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.30.

HF Sinclair Trading Up 0.4%

Shares of DINO stock traded up $0.13 during trading hours on Friday, reaching $35.58. 1,617,786 shares of the stock were exchanged, compared to its average volume of 2,480,457. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $57.11. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company's 50-day moving average price is $31.78 and its 200-day moving average price is $35.17. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 43.39 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly 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. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the previous year, the company earned $0.71 EPS. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid 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 5.62%. HF Sinclair's dividend payout ratio is presently -259.74%.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

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.