Aviva PLC Acquires New Holdings in HF Sinclair Co. (NYSE:DINO)

Aviva PLC bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,164 shares of the company's stock, valued at approximately $567,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DINO. Charles Schwab Investment Management Inc. raised its stake in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after buying an additional 617,218 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in HF Sinclair by 114.1% in 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 during the period. Amundi lifted its holdings in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after purchasing an additional 996,155 shares during the last quarter. Norges Bank bought a new position in HF Sinclair during the fourth quarter worth $41,317,000. Finally, JPMorgan Chase & Co. boosted its position in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock worth $37,845,000 after purchasing an additional 33,373 shares during the period. Institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Mizuho reduced their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Cowen lowered their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. 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. Finally, Morgan Stanley dropped 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.70.

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Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were purchased 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 owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

DINO stock traded down $0.44 during mid-day trading on Tuesday, hitting $27.42. The stock had a trading volume of 1,310,225 shares, compared to its average volume of 2,366,339. The firm has a fifty day simple moving average of $33.06 and a 200 day simple moving average of $37.26. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $60.55. 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 firm has a market capitalization of $5.17 billion, a P/E ratio of 33.44 and a beta of 1.00.

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 (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.29%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

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.