Bank of New York Mellon Corp Cuts Stake in HF Sinclair Co. (NYSE:DINO)

Bank of New York Mellon Corp reduced its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,378,624 shares of the company's stock after selling 389,927 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.73% of HF Sinclair worth $48,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DINO. Capital Performance Advisors LLP purchased a new position in HF Sinclair during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after buying an additional 558 shares during the period. Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair in the 3rd quarter worth about $50,000. Finally, Coastline Trust Co purchased a new stake in shares of HF Sinclair in the 3rd quarter worth about $55,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. TD Cowen reduced their target price on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Mizuho dropped their price target on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company cut shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, Barclays dropped their price target on shares of HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, HF Sinclair has an average rating of "Hold" and an average target price of $51.00.

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Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov bought 5,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $33.77 per share, with a total value of $168,850.00. Following the acquisition, the chief financial officer now owns 78,927 shares of the company's stock, valued at $2,665,364.79. The trade was a 6.76 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 17,635 shares of company stock worth $632,860 in the last quarter. Company insiders own 0.28% of the company's stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded up $0.55 during trading on Friday, hitting $32.19. The company's stock had a trading volume of 3,891,302 shares, compared to its average volume of 3,261,871. The company has a 50-day moving average of $35.85 and a 200-day moving average of $40.30. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. 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 firm has a market cap of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. On average, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend is 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.