Russell Investments Group Ltd. Trims Position in HF Sinclair Co. (NYSE:DINO)

Russell Investments Group Ltd. reduced its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 210,336 shares of the company's stock after selling 12,725 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of HF Sinclair worth $7,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of HF Sinclair in the third quarter worth about $1,560,000. Quantinno Capital Management LP lifted its holdings in HF Sinclair by 75.2% in the 3rd quarter. Quantinno Capital Management LP now owns 9,657 shares of the company's stock worth $430,000 after buying an additional 4,144 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of HF Sinclair by 31.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 24,876 shares of the company's stock worth $1,109,000 after buying an additional 5,911 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of HF Sinclair by 16.1% during the third quarter. Toronto Dominion Bank now owns 20,461 shares of the company's stock valued at $912,000 after buying an additional 2,837 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in shares of HF Sinclair by 51.1% during the third quarter. TD Private Client Wealth LLC now owns 3,938 shares of the company's stock valued at $176,000 after acquiring an additional 1,331 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded up $1.24 during midday trading on Friday, reaching $29.02. 2,412,394 shares of the company's stock traded hands, compared to its average volume of 2,383,165. HF Sinclair Co. has a one year low of $24.66 and a one year high of $58.73. The stock has a 50 day moving average of $32.53 and a 200 day moving average of $37.02. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 35.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). The company had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, equities research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is currently 243.90%.

Analysts Set New Price Targets

Several analysts recently weighed in on DINO shares. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Scotiabank reduced their price target 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. Morgan Stanley lowered their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Barclays reduced their target price on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $45.10.

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.