HF Sinclair Co. (NYSE:DINO) Stock Holdings Increased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,725,679 shares of the company's stock after purchasing an additional 141,502 shares during the period. Northern Trust Corp owned 0.92% of HF Sinclair worth $60,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 327 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock worth $669,000 after purchasing an additional 367 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock worth $2,253,000 after purchasing an additional 390 shares during the last quarter. Evergreen Private Wealth LLC increased its position in HF Sinclair by 1.5% during the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock worth $938,000 after buying an additional 392 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings 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 worth $58,000 after acquiring an additional 417 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This trade represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

DINO has been the subject of several analyst reports. Piper Sandler cut their target price 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. Barclays cut their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley decreased their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Scotiabank cut their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, TD Cowen raised their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, HF Sinclair has an average rating of "Hold" and an average price target of $42.30.

HF Sinclair Stock Up 5.1%

NYSE:DINO traded up $1.72 during mid-day trading on Monday, hitting $35.83. The company had a trading volume of 1,496,316 shares, compared to its average volume of 2,441,398. The business has a fifty day simple moving average of $30.93 and a 200-day simple moving average of $35.40. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 43.80 and a beta of 0.81. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $58.73. 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 announced 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 return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period last year, the business posted $0.71 EPS. The company's revenue was down 9.3% on a year-over-year basis. Equities analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders 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 annualized dividend and a dividend yield of 5.58%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

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.