Worldquant Millennium Advisors LLC Makes New Investment in HF Sinclair Co. (NYSE:DINO)

Worldquant Millennium Advisors LLC bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 235,074 shares of the company's stock, valued at approximately $8,239,000. Worldquant Millennium Advisors LLC owned about 0.12% of HF Sinclair at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DINO. Southeastern Asset Management Inc. TN acquired a new stake in HF Sinclair during the 4th quarter valued at approximately $96,344,000. Balyasny Asset Management L.P. raised its holdings in HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after purchasing an additional 1,593,875 shares during the last quarter. Norges Bank bought a new position in HF Sinclair during the 4th quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC raised its holdings in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after purchasing an additional 1,096,485 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Activity at HF Sinclair

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

HF Sinclair Trading Up 2.1%

Shares of DINO stock traded up $0.73 during trading hours on Tuesday, hitting $36.31. 432,374 shares of the company were exchanged, compared to its average volume of 3,168,091. The firm has a market cap of $6.84 billion, a P/E ratio of 44.28 and a beta of 0.81. 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 debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a 50 day simple moving average of $31.81 and a two-hundred day simple moving average of $35.03.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $6.72 billion. During the same quarter last year, the firm posted $0.71 EPS. HF Sinclair's revenue was down 9.3% compared to the same quarter last year. Equities analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's payout ratio is currently -259.74%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DINO. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Scotiabank lowered their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. TD Cowen raised their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price objective 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, HF Sinclair has an average rating of "Moderate Buy" and an average target price 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.