Jacobs Levy Equity Management Inc. Acquires 68,303 Shares of HF Sinclair Co. (NYSE:DINO)

Jacobs Levy Equity Management Inc. grew its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 15.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 503,730 shares of the company's stock after buying an additional 68,303 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.27% of HF Sinclair worth $17,656,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock valued at $240,026,000 after buying an additional 737,696 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after buying an additional 617,218 shares in the last quarter. First Trust Advisors LP raised its position in shares of HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after buying an additional 1,096,485 shares in the last quarter. AQR Capital Management LLC raised its position in shares of HF Sinclair by 61.6% during the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock valued at $82,536,000 after buying an additional 906,225 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position 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 valued at $74,116,000 after buying an additional 1,126,825 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 1.7%

NYSE:DINO traded down $0.62 during mid-day trading on Friday, hitting $36.61. 2,216,298 shares of the stock traded hands, compared to its average volume of 2,469,279. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 44.65 and a beta of 0.81. The firm's 50 day moving average is $31.43 and its two-hundred day moving average is $35.24. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $58.48.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.46%. HF Sinclair's dividend payout ratio is currently -259.74%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. TD Cowen upped their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their price target for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Piper Sandler cut their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Scotiabank cut 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 report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.30.

Insiders Place Their Bets

In related 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, 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. The trade was a 3.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company's stock.

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.