Alliancebernstein L.P. Sells 140,940 Shares of HF Sinclair Co. (NYSE:DINO)

Alliancebernstein L.P. reduced its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,189,021 shares of the company's stock after selling 140,940 shares during the period. Alliancebernstein L.P. owned 0.63% of HF Sinclair worth $41,675,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of HF Sinclair by 4.1% during the third 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 during the last quarter. 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. Aigen Investment Management LP lifted its position in HF Sinclair by 124.9% in the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock worth $2,216,000 after purchasing an additional 35,121 shares during the period. Merit Financial Group LLC acquired a new stake in HF Sinclair in the fourth quarter worth approximately $263,000. Finally, Blue Trust Inc. lifted its position in HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock worth $254,000 after purchasing an additional 2,655 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Down 7.8 %

HF Sinclair stock traded down $2.23 during mid-day trading on Thursday, hitting $26.39. 670,490 shares of the company's stock were exchanged, compared to its average volume of 2,339,896. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.97 billion, a P/E ratio of 32.36 and a beta of 1.00. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $62.19. The stock has a 50 day moving average of $33.64 and a two-hundred day moving average of $37.68.

Remove Ads

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. As a group, analysts anticipate 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 was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is 243.90%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost 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 of the company's stock, 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 accessible through this hyperlink. Corporate insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of recent research reports. Barclays cut their price objective on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. Mizuho reduced their target price on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Morgan Stanley reduced their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, TD Cowen reduced their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.50.

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.