HF Sinclair Co. (NYSE:DINO) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 254.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,000 shares of the company's stock after buying an additional 241,200 shares during the quarter. Canada Pension Plan Investment Board owned about 0.18% of HF Sinclair worth $11,777,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DINO. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair in the fourth quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair during the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after acquiring an additional 558 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after purchasing an additional 417 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

NYSE:DINO traded down $0.01 during trading hours on Friday, hitting $30.55. 1,295,574 shares of the stock were exchanged, compared to its average volume of 2,393,973. 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's fifty day moving average price is $31.77 and its 200 day moving average price is $36.46. The company has a market cap of $5.76 billion, a P/E ratio of 37.26 and a beta of 1.00. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) 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 company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. As a group, equities research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is 243.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DINO shares. Wells Fargo & Company increased their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Scotiabank reduced their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Mizuho lowered their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Barclays cut their target price on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Morgan Stanley lowered their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $44.50.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost 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 of the company's stock, 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 at this link. Company insiders own 0.28% of the company's stock.

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.