Teza Capital Management LLC Takes $244,000 Position in HF Sinclair Co. (NYSE:DINO)

Teza Capital Management LLC bought a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,962 shares of the company's stock, valued at approximately $244,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Southeastern Asset Management Inc. TN bought a new position in HF Sinclair during the fourth quarter worth $96,344,000. Balyasny Asset Management L.P. raised its stake in 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 buying an additional 1,593,875 shares during the period. Norges Bank bought a new position in HF Sinclair in the fourth quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC grew its stake in HF Sinclair by 114.1% in the fourth 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 period. Finally, First Trust Advisors LP increased its holdings in shares of HF Sinclair by 53.7% during the fourth 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 in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction 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 approximately $5,493,957.90. This trade represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

HF Sinclair Stock Performance

NYSE:DINO traded up $0.13 during trading on Monday, reaching $35.58. The company's stock had a trading volume of 1,617,786 shares, 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 firm has a market cap of $6.70 billion, a price-to-earnings ratio of 43.39 and a beta of 0.81. The firm has a 50 day moving average of $31.78 and a 200-day moving average of $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 issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share 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 company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the firm earned $0.71 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. Research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on DINO. 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 report on Friday, April 11th. TD Cowen boosted their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Morgan Stanley cut their price target 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, Wells Fargo & Company decreased their price target on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.30.

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.