22,143 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,143 shares of the company's stock, valued at approximately $776,000.

Several other hedge funds have also recently added to or reduced their stakes in DINO. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after acquiring an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $193,197,000 after purchasing an additional 617,218 shares during the period. First Trust Advisors LP increased its position in shares of HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after buying an additional 1,096,485 shares in the last quarter. 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 purchasing an additional 1,126,825 shares in the last quarter. Finally, Amundi raised its holdings 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 buying an additional 996,155 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

DINO stock traded up $0.28 during mid-day trading on Monday, hitting $30.79. 1,366,165 shares of the stock were exchanged, compared to its average volume of 2,397,746. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 37.55 and a beta of 1.00. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73. The business has a fifty day moving average price of $31.61 and a 200 day moving average price of $36.23. 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 posted its 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 return on equity of 1.98% and a net margin of 0.62%. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.49%. HF Sinclair's payout ratio is currently 243.90%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DINO shares. Barclays lowered their price target on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Mizuho reduced their target price on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company raised their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a report on Friday, March 7th. Finally, Morgan Stanley lowered their target price on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, HF Sinclair currently has an average rating of "Hold" and an average price target of $44.50.

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.