HF Sinclair Co. (NYSE:DINO) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 22.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 867,063 shares of the company's stock after purchasing an additional 160,264 shares during the period. Janus Henderson Group PLC owned 0.46% of HF Sinclair worth $30,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DINO. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair during the 4th quarter valued at about $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair during the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after purchasing an additional 558 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the business'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 completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.34% of the company's stock.

HF Sinclair Trading Up 0.7%

Shares of NYSE:DINO opened at $36.98 on Thursday. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $58.73. The firm has a market cap of $6.97 billion, a P/E ratio of 45.10 and a beta of 0.81. The company has a 50 day moving average of $31.21 and a 200-day moving average of $35.37. 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 released its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating 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 business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the business earned $0.71 earnings per share. The business's quarterly revenue was down 9.3% on a year-over-year basis. As a group, analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio is presently -259.74%.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Wells Fargo & Company reduced their target price 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. Morgan Stanley reduced their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Piper Sandler reduced their price target 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, May 2nd. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $40.00 to $47.00 in a research note on Tuesday. Finally, Scotiabank reduced their price target 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. Six investment 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, HF Sinclair currently has an average rating of "Moderate Buy" and a consensus price target of $43.30.

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.

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