85,619 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 85,619 shares of the company's stock, valued at approximately $3,001,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of HF Sinclair by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock valued at $37,845,000 after acquiring an additional 33,373 shares during the period. Amundi raised its stake in shares of HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after acquiring an additional 996,155 shares during the period. Aigen Investment Management LP raised its stake in shares of HF Sinclair by 124.9% in the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after acquiring an additional 35,121 shares during the period. Merit Financial Group LLC purchased a new stake in shares of HF Sinclair in the 4th quarter valued at approximately $263,000. Finally, Blue Trust Inc. raised its stake in shares of HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after acquiring an additional 2,655 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Franklin Myers purchased 5,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DINO. JPMorgan Chase & Co. cut 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 note on Tuesday, December 10th. Wells Fargo & Company boosted their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday. TD Cowen lowered their target price on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, Piper Sandler set a $46.00 target price on shares of HF Sinclair in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $47.00.

HF Sinclair Price Performance

NYSE:DINO traded down $0.35 during mid-day trading on Friday, hitting $33.54. 16,372,233 shares of the company's stock traded hands, compared to its average volume of 2,200,069. 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 firm's 50 day simple moving average is $35.43 and its 200 day simple moving average is $39.39. HF Sinclair Co. has a 1 year low of $29.85 and a 1 year high of $64.16. The company has a market cap of $6.32 billion, a PE ratio of 40.90 and a beta of 1.13.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results 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 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. Sell-side analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 5.96%. HF Sinclair's dividend payout ratio is currently 243.90%.

HF Sinclair 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.