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

Point72 Asset Management L.P. reduced its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 95.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,636 shares of the company's stock after selling 1,312,739 shares during the period. Point72 Asset Management L.P.'s holdings in HF Sinclair were worth $2,371,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DINO. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair during the fourth quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new position in shares of HF Sinclair in the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its position in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Up 0.4%

HF Sinclair stock traded up $0.13 during mid-day trading on Monday, reaching $35.58. The stock had a trading volume of 1,617,786 shares, compared to its average volume of 2,485,955. 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 fifty-two week low of $24.66 and a fifty-two week high of $56.96. The stock's 50-day simple moving average is $31.78 and its 200-day simple moving average is $35.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the firm posted $0.71 EPS. HF Sinclair's revenue was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

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

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. TD Cowen boosted their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Scotiabank cut their target price on 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 decreased their target price 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. Finally, Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.30.

Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by company insiders.

About HF Sinclair

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.