HF Sinclair Co. (NYSE:DINO) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 53.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,139,092 shares of the company's stock after acquiring an additional 1,096,485 shares during the period. First Trust Advisors LP owned about 1.67% of HF Sinclair worth $110,025,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in HF Sinclair during the third quarter worth $1,560,000. Virtu Financial LLC bought a new stake in HF Sinclair during the third quarter valued at about $298,000. Pine Valley Investments Ltd Liability Co purchased a new position in HF Sinclair in the third quarter valued at about $5,927,000. World Investment Advisors LLC bought a new position in HF Sinclair in the third quarter worth about $654,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of HF Sinclair during the third quarter valued at about $134,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on DINO shares. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Scotiabank decreased 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 report on Friday, April 11th. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a report on Friday, March 7th. Barclays dropped their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Morgan Stanley cut their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, HF Sinclair currently has a consensus rating of "Hold" and an average target price of $44.50.

HF Sinclair Price Performance

DINO traded down $0.01 during midday trading on Friday, hitting $30.55. 1,295,636 shares of the company traded hands, compared to its average volume of 2,396,529. The business has a 50 day simple moving average of $31.61 and a two-hundred day simple moving average of $36.36. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.73. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 37.26 and a beta of 1.00. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

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

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.55%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by insiders.

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.