Redwood Investment Management LLC Has $3.92 Million Stake in HF Sinclair Co. (NYSE:DINO)

Redwood Investment Management LLC lifted its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 41.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 111,748 shares of the company's stock after acquiring an additional 32,830 shares during the quarter. Redwood Investment Management LLC owned approximately 0.06% of HF Sinclair worth $3,917,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new position in HF Sinclair during the fourth quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after buying an additional 327 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DINO shares. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday. Barclays lifted their price target on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday. TD Cowen upped their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Scotiabank lowered their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley reduced their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and an average price target of $43.30.

HF Sinclair Price Performance

Shares of DINO stock opened at $36.98 on Thursday. The business has a fifty day simple moving average of $31.21 and a 200 day simple moving average of $35.37. The company has a market cap of $6.97 billion, a P/E ratio of 45.10 and a beta of 0.81. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its 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. The firm had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, sell-side 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. Shareholders of record on Thursday, May 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.41%. HF Sinclair's dividend payout ratio is currently -259.74%.

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company's stock.

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.

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