Gotham Asset Management LLC Reduces Stock Position in HF Sinclair Co. (NYSE:DINO)

Gotham Asset Management LLC decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 41.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,863 shares of the company's stock after selling 108,258 shares during the quarter. Gotham Asset Management LLC owned approximately 0.08% of HF Sinclair worth $5,393,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Cowen raised their price target 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. 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. Wells Fargo & Company lowered 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 note on Friday, May 2nd. Scotiabank lowered their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus price target of $43.30.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

HF Sinclair Trading Down 1.7%

Shares of HF Sinclair stock traded down $0.62 during midday trading on Friday, reaching $36.61. 2,216,298 shares of the company's stock traded hands, compared to its average volume of 2,467,479. 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 market cap of $6.90 billion, a PE ratio of 44.65 and a beta of 0.81. The stock has a 50 day moving average of $31.43 and a 200-day moving average of $35.30. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 5.46%. HF Sinclair's dividend payout ratio (DPR) is presently -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.