Towle & Co. Acquires 51,138 Shares of HF Sinclair Co. (NYSE:DINO)

Towle & Co. lifted its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 483,325 shares of the company's stock after purchasing an additional 51,138 shares during the quarter. HF Sinclair comprises about 2.9% of Towle & Co.'s investment portfolio, making the stock its 13th biggest position. Towle & Co. owned about 0.26% of HF Sinclair worth $16,941,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DINO. Southeastern Asset Management Inc. TN bought a new stake in shares of HF Sinclair in the fourth quarter worth about $96,344,000. Balyasny Asset Management L.P. increased its holdings in shares of HF Sinclair by 645.1% in the fourth 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 bought a new stake in shares of HF Sinclair in the fourth quarter worth about $41,317,000. Thompson Siegel & Walmsley LLC grew its position 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 worth $74,116,000 after acquiring an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP grew its position in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $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.

Analyst Upgrades and Downgrades

DINO has been the subject of several recent research reports. Morgan Stanley dropped their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Barclays lifted their price target on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. TD Cowen boosted 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. 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. 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 equities research 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.com, HF Sinclair presently has an average rating of "Moderate Buy" and an average price target of $43.30.

HF Sinclair Stock Down 1.7%

Shares of NYSE DINO opened at $36.61 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 44.65 and a beta of 0.81. The stock has a 50 day moving average price of $31.43 and a 200 day moving average price of $35.24. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.48.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly 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 firm had revenue of $6.37 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. Sell-side analysts expect 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 issued a $0.50 dividend. 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 5.46%. HF Sinclair's payout ratio is -259.74%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value 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 represents a 3.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by 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.

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