Southeastern Asset Management Inc. TN Makes New Investment in HF Sinclair Co. (NYSE:DINO)

Southeastern Asset Management Inc. TN acquired a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,748,755 shares of the company's stock, valued at approximately $96,344,000. HF Sinclair accounts for 4.5% of Southeastern Asset Management Inc. TN's portfolio, making the stock its 9th biggest holding. Southeastern Asset Management Inc. TN owned 1.46% of HF Sinclair as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Balyasny Asset Management L.P. lifted its position in HF Sinclair by 645.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after purchasing an additional 1,593,875 shares during the period. Norges Bank bought a new position in HF Sinclair in the fourth quarter worth $41,317,000. Thompson Siegel & Walmsley LLC lifted its position in HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the period. First Trust Advisors LP lifted its position in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after purchasing an additional 1,096,485 shares during the period. Finally, Amundi lifted its position in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after purchasing an additional 996,155 shares during the period. 88.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DINO. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Piper Sandler dropped their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price objective on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Finally, Morgan Stanley dropped their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.30.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by company insiders.

HF Sinclair Price Performance

Shares of NYSE:DINO traded down $0.26 during midday trading on Monday, reaching $36.37. The company's stock had a trading volume of 2,363,648 shares, compared to its average volume of 2,468,856. HF Sinclair Co. has a fifty-two week low of $24.66 and a fifty-two week high of $58.48. The company has a market capitalization of $6.85 billion, a P/E ratio of 44.35 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business's fifty day simple moving average is $31.43 and its 200-day simple moving average is $35.24.

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, beating analysts' consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. As a group, equities research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio is -259.74%.

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.