HF Sinclair Co. (NYSE:DINO) Shares Purchased by USS Investment Management Ltd

USS Investment Management Ltd increased its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,500 shares of the company's stock after purchasing an additional 9,500 shares during the period. USS Investment Management Ltd's holdings in HF Sinclair were worth $998,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of HF Sinclair during the fourth quarter worth $32,000. EverSource Wealth Advisors LLC raised its stake in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in HF Sinclair by 68.0% in the fourth 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 period. Finally, TD Waterhouse Canada Inc. increased its holdings in HF Sinclair by 98.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after purchasing an additional 796 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Performance

HF Sinclair stock traded up $0.49 during midday trading on Thursday, hitting $36.59. 3,003,640 shares of the company's stock were exchanged, compared to its average volume of 2,493,343. 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 Co. has a 12-month low of $24.66 and a 12-month high of $55.77. The firm's 50 day simple moving average is $31.91 and its 200 day simple moving average is $35.05. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 44.62 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping 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 company had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter last year, the business earned $0.71 EPS. The business's revenue was down 9.3% on a year-over-year basis. Equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.47%. The ex-dividend date is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analyst Ratings Changes

Several research firms have recently issued reports on DINO. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Barclays raised their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. TD Cowen upped their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Morgan Stanley cut 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 note on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.30.

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.