AQR Capital Management LLC Purchases 906,225 Shares of HF Sinclair Co. (NYSE:DINO)

AQR Capital Management LLC grew its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 61.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,376,498 shares of the company's stock after purchasing an additional 906,225 shares during the quarter. AQR Capital Management LLC owned approximately 1.26% of HF Sinclair worth $82,536,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of HF Sinclair in the 4th quarter valued at $41,317,000. Thompson Siegel & Walmsley LLC raised its stake in shares of 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 buying an additional 1,126,825 shares in the last quarter. First Trust Advisors LP lifted its holdings in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after acquiring an additional 1,096,485 shares during the period. Amundi boosted its holdings in HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after buying an additional 996,155 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in HF Sinclair by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after buying an additional 737,696 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost 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 approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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 research note on Wednesday, April 16th. TD Cowen raised their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday. Mizuho cut their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wells Fargo & Company dropped their price target 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. Finally, Piper Sandler lowered their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.30.

HF Sinclair Stock Up 2.3 %

Shares of DINO stock traded up $0.74 on Monday, hitting $32.75. The company's stock had a trading volume of 3,099,632 shares, compared to its average volume of 2,432,569. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 40.06 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 $58.73. The firm's fifty day moving average price is $31.00 and its 200-day moving average price is $35.76.

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

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 6.11%. HF Sinclair's dividend 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.