Dimensional Fund Advisors LP Increases Stock Position in HF Sinclair Co. (NYSE:DINO)

Dimensional Fund Advisors LP lifted its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,848,416 shares of the company's stock after purchasing an additional 737,696 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.64% of HF Sinclair worth $240,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC increased its position in HF Sinclair by 53.9% in 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 raised its stake in HF Sinclair by 68.0% during the 4th 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, IFP Advisors Inc lifted its position in HF Sinclair by 33.4% during the 4th 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. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DINO shares. Mizuho decreased their price target on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Scotiabank cut their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. Barclays reduced their price target on 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 dropped their price objective 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 assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $45.10.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was 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 represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by company insiders.

HF Sinclair Stock Performance

NYSE:DINO opened at $29.15 on Tuesday. 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 company has a market capitalization of $5.49 billion, a P/E ratio of 35.55 and a beta of 1.00. The firm has a 50-day moving average price of $32.22 and a two-hundred day moving average price of $36.66. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly 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). The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date was Thursday, March 6th. HF Sinclair's payout ratio is 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.

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