HF Sinclair Co. (NYSE:DINO) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,928 shares of the company's stock after selling 10,842 shares during the quarter. Corebridge Financial Inc. owned approximately 0.10% of HF Sinclair worth $6,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DINO. JPMorgan Chase & Co. increased its stake in 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 buying an additional 33,373 shares during the period. Amundi lifted its position in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after purchasing an additional 996,155 shares during the period. Aigen Investment Management LP boosted its holdings in 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 purchasing an additional 35,121 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of HF Sinclair during the 4th quarter worth approximately $263,000. Finally, Blue Trust Inc. lifted its holdings 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 buying an additional 2,655 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

DINO stock traded up $0.02 during trading on Wednesday, hitting $33.29. The stock had a trading volume of 320,766 shares, compared to its average volume of 3,232,293. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 40.54 and a beta of 1.13. The company's 50 day moving average price is $34.90 and its two-hundred day moving average price is $38.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

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HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DINO shares. Barclays cut their price target on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Mizuho decreased their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. TD Cowen lowered their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. Finally, Morgan Stanley lowered their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and a consensus target price of $47.00.

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.