USS Investment Management Ltd Grows Position in HF Sinclair Co. (NYSE:DINO)

USS Investment Management Ltd raised its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,500 shares of the company's stock after purchasing an additional 9,500 shares during the quarter. USS Investment Management Ltd's holdings in HF Sinclair were worth $998,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DINO. Voloridge Investment Management LLC grew its stake in HF Sinclair by 104.8% during the fourth quarter. Voloridge Investment Management LLC now owns 1,232,387 shares of the company's stock worth $43,195,000 after buying an additional 630,538 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of HF Sinclair in the 4th quarter valued at $8,239,000. WBI Investments LLC bought a new stake in shares of HF Sinclair in the 4th quarter valued at $1,697,000. Towle & Co. increased its holdings in HF Sinclair by 11.8% during the 4th quarter. Towle & Co. now owns 483,325 shares of the company's stock worth $16,941,000 after purchasing an additional 51,138 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in HF Sinclair during the 4th quarter worth about $3,747,000. Institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Down 1.1%

Shares of NYSE:DINO traded down $0.41 on Friday, hitting $36.15. The company had a trading volume of 944,075 shares, compared to its average volume of 2,492,163. The firm's 50-day simple moving average is $31.98 and its two-hundred day simple moving average is $35.01. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $55.24. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 44.19 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (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 business had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 5.53%. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analyst Ratings Changes

DINO has been the subject of several recent analyst reports. Piper Sandler cut their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. 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 report on Friday, April 11th. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Finally, TD Cowen boosted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.