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Russell Investments Group Ltd. Trims Position in HF Sinclair Co. (NYSE:DINO)

Russell Investments Group Ltd. decreased its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 137,938 shares of the company's stock after selling 26,852 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of HF Sinclair worth $7,665,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DINO. Coldstream Capital Management Inc. raised its holdings in shares of HF Sinclair by 2.7% during the third quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company's stock worth $488,000 after acquiring an additional 223 shares during the period. Blue Trust Inc. boosted its position in shares of HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company's stock worth $54,000 after buying an additional 224 shares during the period. Resonant Capital Advisors LLC grew its holdings in shares of HF Sinclair by 2.9% during the third quarter. Resonant Capital Advisors LLC now owns 10,330 shares of the company's stock worth $588,000 after buying an additional 292 shares in the last quarter. Aviance Capital Partners LLC raised its position in HF Sinclair by 1.9% in the 3rd quarter. Aviance Capital Partners LLC now owns 17,000 shares of the company's stock valued at $968,000 after buying an additional 323 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in HF Sinclair by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 70,033 shares of the company's stock valued at $3,987,000 after acquiring an additional 345 shares in the last quarter. Institutional investors own 88.29% of the company's stock.


HF Sinclair Trading Up 3.8 %

Shares of NYSE:DINO traded up $2.08 during trading on Wednesday, reaching $56.93. The stock had a trading volume of 3,427,531 shares, compared to its average volume of 2,134,275. HF Sinclair Co. has a 52 week low of $38.49 and a 52 week high of $64.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The firm's fifty day moving average is $58.32 and its 200 day moving average is $56.36. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 6.84 and a beta of 1.31.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm's revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.97 EPS. As a group, equities analysts forecast that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from HF Sinclair's previous quarterly dividend of $0.45. HF Sinclair's dividend payout ratio is 24.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a "sector outperform" rating in a research note on Thursday, April 11th. UBS Group upgraded HF Sinclair from a "neutral" rating to a "buy" rating and raised their price target for the company from $64.00 to $73.00 in a research note on Wednesday, February 14th. Bank of America raised HF Sinclair from a "neutral" rating to a "buy" rating and increased their price objective for the company from $62.00 to $78.00 in a report on Friday, March 15th. TD Cowen upped their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a "market perform" rating in a research report on Thursday, February 22nd. Finally, Piper Sandler raised their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.42.

Get Our Latest Research Report on DINO

Insider Activity

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares of the company's stock, valued at $1,703,866.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Franklin Myers acquired 4,180 shares of the company's stock in a transaction on Monday, February 26th. The shares were acquired at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the purchase, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares of the company's stock, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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