Price T Rowe Associates Inc. MD Grows Position in HF Sinclair Co. (NYSE:DINO)

Price T Rowe Associates Inc. MD boosted its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,766 shares of the company's stock after purchasing an additional 8,711 shares during the period. Price T Rowe Associates Inc. MD owned about 0.05% of HF Sinclair worth $3,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth approximately $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in HF Sinclair in the fourth quarter worth $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair during the fourth quarter worth $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of HF Sinclair by 68.0% in 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 last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DINO. TD Cowen upped their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday. Scotiabank dropped their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler decreased their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday. Wells Fargo & Company dropped their price target on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, Morgan Stanley decreased their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, HF Sinclair presently has a consensus rating of "Hold" and a consensus target price of $42.30.

Insiders Place Their Bets

In other news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by insiders.

HF Sinclair Price Performance

NYSE DINO opened at $32.75 on Tuesday. The firm's fifty day simple moving average is $30.96 and its two-hundred day simple moving average is $35.68. The firm has a market capitalization of $6.17 billion, a P/E ratio of 39.94 and a beta of 0.81. 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 Co. has a 12-month low of $24.66 and a 12-month high of $58.73.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

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.

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