HF Sinclair Co. (NYSE:DINO) Stock Holdings Lowered by LSV Asset Management

LSV Asset Management cut its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,686,701 shares of the company's stock after selling 62,095 shares during the period. LSV Asset Management owned approximately 2.61% of HF Sinclair worth $260,440,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. raised its holdings in shares of HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company's stock valued at $31,000 after acquiring an additional 549 shares in the last quarter. Baystate Wealth Management LLC purchased a new stake in shares of HF Sinclair in the 4th quarter worth about $37,000. Blue Trust Inc. lifted its position in shares of HF Sinclair by 30.9% in the 4th quarter. Blue Trust Inc. now owns 950 shares of the company's stock worth $54,000 after purchasing an additional 224 shares during the period. Fortitude Family Office LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at about $56,000. Finally, GAMMA Investing LLC purchased a new position in shares of HF Sinclair during the fourth quarter valued at about $123,000. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DINO. Mizuho cut their price objective on HF Sinclair from $66.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 15th. Bank of America upgraded HF Sinclair from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Barclays assumed coverage on shares of HF Sinclair in a report on Monday, February 26th. They set an "equal weight" rating and a $60.00 target price on the stock. UBS Group upgraded shares of HF Sinclair from a "neutral" rating to a "buy" rating and increased their price target for the stock from $64.00 to $73.00 in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.42.

HF Sinclair Stock Up 0.3 %

DINO stock traded up $0.18 on Friday, reaching $54.42. 1,688,593 shares of the company traded hands, compared to its average volume of 1,609,879. HF Sinclair Co. has a one year low of $37.12 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. The company has a market cap of $10.73 billion, a P/E ratio of 6.56 and a beta of 1.31. The firm has a fifty day simple moving average of $58.46 and a 200-day simple moving average of $56.38.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company's quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.97 EPS. Research analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were issued a $0.50 dividend. This is a positive change from HF Sinclair's previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.68%. HF Sinclair's dividend payout ratio (DPR) is presently 24.10%.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the sale, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Franklin Myers purchased 4,180 shares of the company's stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the transaction, the director now directly owns 131,793 shares in the company, valued at approximately $7,767,879.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the transaction, the director now owns 9,828 shares in the company, valued at approximately $600,490.80. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company's stock.

HF Sinclair Company 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.