HF Sinclair Co. (NYSE:DINO) Stock Position Trimmed by American Century Companies Inc.

American Century Companies Inc. lessened its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 62.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,379 shares of the company's stock after selling 101,884 shares during the period. American Century Companies Inc.'s holdings in HF Sinclair were worth $2,186,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after buying an additional 617,218 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock valued at $74,116,000 after acquiring an additional 1,126,825 shares in the last quarter. Amundi boosted its position in HF Sinclair by 132.3% during the 4th 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. JPMorgan Chase & Co. increased its holdings in HF Sinclair by 4.1% in 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, River Road Asset Management LLC raised its position in HF Sinclair by 0.7% in the fourth quarter. River Road Asset Management LLC now owns 775,282 shares of the company's stock valued at $27,174,000 after purchasing an additional 5,435 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

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Insider Activity

In related news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company's stock.

HF Sinclair Stock Up 3.0 %

NYSE:DINO traded up $0.82 during mid-day trading on Friday, reaching $27.73. The stock had a trading volume of 3,240,705 shares, compared to its average volume of 2,369,389. The stock's 50 day simple moving average is $33.26 and its two-hundred day simple moving average is $37.38. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $60.55. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 33.81 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share 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 during the quarter, compared to the consensus estimate of $6.56 billion. Equities analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.21%. HF Sinclair's payout ratio is currently 243.90%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DINO shares. Morgan Stanley decreased their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. Barclays lowered their price objective on shares of 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. Scotiabank reduced their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday. Mizuho lowered their price target on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $45.70.

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.