Natixis Takes Position in HF Sinclair Co. (NYSE:DINO)

Natixis bought a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 45,260 shares of the company's stock, valued at approximately $1,586,000.

Several other large investors have also added to or reduced their stakes in the business. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the 4th quarter worth $27,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC grew its stake in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after acquiring an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after purchasing an additional 558 shares during the period. Finally, IFP Advisors Inc raised its position in shares of HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after purchasing an additional 417 shares during the period. Institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded up $0.13 during trading on Monday, hitting $30.64. 585,529 shares of the stock traded hands, compared to its average volume of 2,393,794. The firm's fifty day moving average is $31.61 and its 200-day moving average is $36.23. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 37.27 and a beta of 1.00. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $58.73. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. Research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.53%. HF Sinclair's payout ratio is 243.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a report on Friday, March 7th. Morgan Stanley cut their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday. Mizuho reduced their price target on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Barclays lowered their price objective on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of "Hold" and an average price target of $44.50.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by company 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.