Two Sigma Investments LP Invests $7.89 Million in HF Sinclair Co. (NYSE:DINO)

Two Sigma Investments LP bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 225,080 shares of the company's stock, valued at approximately $7,889,000. Two Sigma Investments LP owned 0.12% of HF Sinclair at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. EverSource Wealth Advisors LLC lifted its stake in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of HF Sinclair by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after acquiring an additional 379 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock worth $2,253,000 after acquiring an additional 390 shares during the last quarter. Evergreen Private Wealth LLC increased its position in shares of HF Sinclair by 1.5% during the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock worth $938,000 after purchasing an additional 392 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in HF Sinclair by 5.8% in the 4th quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock valued at $262,000 after purchasing an additional 412 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 0.6%

Shares of NYSE:DINO traded down $0.21 during midday trading on Friday, reaching $36.35. 748,488 shares of the company's stock were exchanged, compared to its average volume of 2,491,225. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 44.49 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 $55.24. The firm's 50 day simple moving average is $31.98 and its two-hundred day simple moving average is $35.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

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

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analysts Set New Price Targets

DINO has been the topic of several recent research reports. Scotiabank lowered their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Piper Sandler cut their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Barclays boosted their target price on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and upped their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.