Charles Schwab Investment Management Inc. Grows Holdings in HF Sinclair Co. (NYSE:DINO)

Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,512,051 shares of the company's stock after purchasing an additional 617,218 shares during the period. Charles Schwab Investment Management Inc. owned 2.93% of HF Sinclair worth $193,197,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock worth $669,000 after buying an additional 367 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of HF Sinclair by 0.6% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock worth $2,253,000 after acquiring an additional 390 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after acquiring an additional 558 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in HF Sinclair in the third quarter valued at approximately $27,000. Institutional investors own 88.29% of the company's stock.

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HF Sinclair Stock Down 1.6 %

DINO stock traded down $0.51 during trading on Monday, reaching $31.62. 3,839,055 shares of the stock were exchanged, compared to its average volume of 3,272,285. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. The firm's 50 day moving average is $35.85 and its 200 day moving average is $40.25. The firm has a market cap of $5.96 billion, a P/E ratio of 38.56 and a beta of 1.13.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. As a group, research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Activity

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $33.77 per share, with a total value of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 17,635 shares of company stock worth $632,860 over the last three months. 0.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of recent analyst reports. TD Cowen dropped their price target 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. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research report on Friday. Barclays lowered their price objective on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $50.73.

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.