Wellington Management Group LLP Grows Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Wellington Management Group LLP grew its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 457.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,482 shares of the company's stock after purchasing an additional 41,430 shares during the quarter. Wellington Management Group LLP's holdings in HF Sinclair were worth $1,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter worth $31,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair during the 4th quarter worth $32,000. EverSource Wealth Advisors LLC raised its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after acquiring an additional 327 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake 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 acquiring an additional 796 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays lifted their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Wells Fargo & Company lowered 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. Morgan Stanley lowered their price objective 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. TD Cowen raised their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Finally, Scotiabank lowered their price objective on shares of 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.30.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded up $0.45 during midday trading on Friday, hitting $36.77. The stock had a trading volume of 1,913,456 shares, compared to its average volume of 2,511,988. The company has a market capitalization of $6.93 billion, a PE ratio of 44.84 and a beta of 0.90. The stock has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $34.75. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $54.48.

HF Sinclair (NYSE:DINO - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, equities analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -259.74%.

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.