HF Sinclair Co. (NYSE:DINO) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 104.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,232,387 shares of the company's stock after purchasing an additional 630,538 shares during the quarter. Voloridge Investment Management LLC owned 0.65% of HF Sinclair worth $43,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Amundi grew its stake in shares of HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after purchasing an additional 996,155 shares during the period. Aigen Investment Management LP boosted its holdings in HF Sinclair by 124.9% during the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock worth $2,216,000 after buying an additional 35,121 shares in the last quarter. Norges Bank purchased a new stake in HF Sinclair during the fourth quarter worth about $41,317,000. Merit Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter worth about $263,000. Finally, Blue Trust Inc. increased its holdings in HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after buying an additional 2,655 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

DINO has been the topic of several research analyst reports. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Scotiabank decreased their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Piper Sandler dropped their price target 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 decreased their price objective on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, TD Cowen increased their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.30.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

Shares of DINO traded up $0.13 during trading hours on Monday, reaching $35.58. 1,617,786 shares of the company traded hands, compared to its average volume of 2,485,955. The stock has a market capitalization of $6.70 billion, a PE ratio of 43.39 and a beta of 0.81. The stock has a fifty day simple moving average of $31.78 and a 200 day simple moving average of $35.07. HF Sinclair Co. has a fifty-two week low of $24.66 and a fifty-two week high of $56.96. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly 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. The company had revenue of $6.37 billion for 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 for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. As a group, research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company 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 is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. HF Sinclair's dividend payout ratio (DPR) is currently -259.74%.

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.