CANADA LIFE ASSURANCE Co Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

CANADA LIFE ASSURANCE Co lessened its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 976,261 shares of the company's stock after selling 28,658 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.52% of HF Sinclair worth $34,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Canada Pension Plan Investment Board raised its holdings in shares of HF Sinclair by 254.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 336,000 shares of the company's stock valued at $11,777,000 after acquiring an additional 241,200 shares in the last quarter. Marshall Wace LLP purchased a new stake in HF Sinclair in the fourth quarter valued at approximately $302,000. Jump Financial LLC raised its stake in HF Sinclair by 35.8% in the fourth quarter. Jump Financial LLC now owns 183,281 shares of the company's stock valued at $6,424,000 after purchasing an additional 48,275 shares in the last quarter. Guggenheim Capital LLC lifted its position in HF Sinclair by 15.9% during the fourth quarter. Guggenheim Capital LLC now owns 43,409 shares of the company's stock valued at $1,521,000 after purchasing an additional 5,962 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in HF Sinclair in the 4th quarter worth approximately $16,828,000. 88.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on DINO shares. Barclays lowered their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley dropped their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday. Scotiabank cut their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Mizuho decreased their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.50.

HF Sinclair Trading Up 0.8 %

Shares of NYSE DINO traded up $0.23 during trading hours on Thursday, hitting $30.26. The company's stock had a trading volume of 845,575 shares, compared to its average volume of 3,302,658. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 36.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business has a 50-day simple moving average of $31.92 and a 200-day simple moving average of $36.57.

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). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. On average, analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Thursday, March 6th. HF Sinclair's payout ratio is 243.90%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

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.