Legal & General Group Plc Has $18.51 Million Position in HF Sinclair Co. (NYSE:DINO)

Legal & General Group Plc trimmed its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 46.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 528,084 shares of the company's stock after selling 459,731 shares during the period. Legal & General Group Plc owned 0.28% of HF Sinclair worth $18,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of HF Sinclair during the 4th quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC increased its position in HF Sinclair by 114.1% during the fourth 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. Amundi raised its holdings in shares of HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after acquiring an additional 996,155 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after acquiring an additional 617,218 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of HF Sinclair by 1,445.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company's stock valued at $16,531,000 after acquiring an additional 441,116 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research note on Friday, March 7th. Mizuho decreased their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Morgan Stanley dropped their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Wells Fargo & Company increased their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, Barclays lowered their price target on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday. Seven investment 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 currently has a consensus rating of "Hold" and an average price target of $45.10.

HF Sinclair Stock Performance

Shares of DINO traded up $1.24 during midday trading on Friday, hitting $29.02. 2,412,394 shares of the stock traded hands, compared to its average volume of 2,384,804. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business's 50 day moving average price is $32.35 and its two-hundred day moving average price is $36.92. The firm has a market capitalization of $5.47 billion, a PE ratio of 35.39 and a beta of 1.00. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

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

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.