Worldquant Millennium Advisors LLC Invests $8.24 Million in HF Sinclair Co. (NYSE:DINO)

Worldquant Millennium Advisors LLC acquired a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 235,074 shares of the company's stock, valued at approximately $8,239,000. Worldquant Millennium Advisors LLC owned 0.12% of HF Sinclair as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DINO. Sugar Maple Asset Management LLC bought a new position in HF Sinclair in the 4th quarter valued at about $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair in the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DINO. Barclays increased their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Piper Sandler decreased 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 report on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Scotiabank decreased their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley reduced their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and an average price target of $43.30.

HF Sinclair Price Performance

Shares of NYSE:DINO traded up $0.13 during trading hours on Friday, hitting $35.58. 1,617,786 shares of the company's stock traded hands, compared to its average volume of 2,485,955. HF Sinclair Co. has a 52 week low of $24.66 and a 52 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's fifty day simple moving average is $31.78 and its two-hundred day simple moving average is $35.17. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 43.39 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last announced 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 period last year, the company posted $0.71 earnings per share. The business's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts anticipate 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. Shareholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's payout ratio is -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.