HF Sinclair Co. (NYSE:DINO) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,766 shares of the company's stock after buying an additional 8,711 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.05% of HF Sinclair worth $3,427,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DINO. Virtu Financial LLC bought a new position in HF Sinclair in the 3rd quarter valued at approximately $298,000. World Investment Advisors LLC bought a new stake in HF Sinclair during the 3rd quarter valued at $654,000. Wilmington Savings Fund Society FSB bought a new stake in HF Sinclair during the 3rd quarter valued at $134,000. JPMorgan Chase & Co. increased its stake in HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock valued at $37,845,000 after purchasing an additional 33,373 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in HF Sinclair by 10.9% during the 4th quarter. Nordea Investment Management AB now owns 281,675 shares of the company's stock valued at $9,828,000 after purchasing an additional 27,733 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO stock remained flat at $34.12 during trading hours on Friday. The stock had a trading volume of 1,650,294 shares, compared to its average volume of 2,444,735. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $58.73. 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 stock has a market cap of $6.43 billion, a P/E ratio of 41.61 and a beta of 0.81. The stock's 50-day moving average price is $30.93 and its 200-day moving average price is $35.40.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the previous year, the firm earned $0.71 EPS. The firm's revenue was down 9.3% compared to the same quarter last year. Sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.86%. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analysts Set New Price Targets

DINO has been the topic of a number of analyst reports. Mizuho cut their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Scotiabank cut their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. TD Cowen boosted their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Finally, Barclays decreased their price target 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $42.30.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company's stock.

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.