Point72 Asset Management L.P. Sells 1,312,739 Shares of HF Sinclair Co. (NYSE:DINO)

Point72 Asset Management L.P. reduced its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 95.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,636 shares of the company's stock after selling 1,312,739 shares during the quarter. Point72 Asset Management L.P.'s holdings in HF Sinclair were worth $2,371,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after acquiring an additional 558 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler reduced their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Wells Fargo & Company cut their target price on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.30.

HF Sinclair Stock Performance

HF Sinclair stock traded up $0.13 during mid-day trading on Friday, reaching $35.58. 1,617,786 shares of the company's stock were exchanged, compared to its average volume of 2,480,457. The business's fifty day simple moving average is $31.78 and its 200 day simple moving average is $35.17. The firm has a market capitalization of $6.70 billion, a PE ratio of 43.39 and a beta of 0.81. HF Sinclair Co. has a one year low of $24.66 and a one year high of $57.11. 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 issued 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. 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%. HF Sinclair's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. On average, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared 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. 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 (DPR) is currently -259.74%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares of the company's stock, valued at $5,493,957.90. The trade was a 3.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

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.