UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 173,415 Shares of HF Sinclair Co. (NYSE:DINO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 688,295 shares of the company's stock after selling 173,415 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of HF Sinclair worth $24,125,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth about $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 327 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in HF Sinclair by 98.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after buying an additional 796 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after buying an additional 417 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded down $0.44 during midday trading on Friday, hitting $36.12. The company's stock had a trading volume of 3,100,940 shares, compared to its average volume of 2,497,366. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 44.05 and a beta of 0.81. The stock's 50 day simple moving average is $32.04 and its 200 day simple moving average is $34.86. HF Sinclair Co. has a fifty-two week low of $24.66 and a fifty-two week high of $55.22. 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 released its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm's revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. As a group, research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is currently -259.74%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler cut 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. Wells Fargo & Company cut 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. Barclays upped their target price 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 upped their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley cut their target price 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. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, HF Sinclair presently has an average rating of "Moderate Buy" and a consensus target price of $43.30.

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.