ExodusPoint Capital Management LP Purchases New Holdings in HF Sinclair Co. (NYSE:DINO)

ExodusPoint Capital Management LP acquired a new position in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 415,987 shares of the company's stock, valued at approximately $14,580,000. ExodusPoint Capital Management LP owned approximately 0.22% of HF Sinclair as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position 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 purchasing an additional 33,373 shares in the last quarter. Amundi boosted its stake in HF Sinclair by 132.3% during 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 last quarter. Aigen Investment Management LP grew its holdings in HF Sinclair by 124.9% during the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock worth $2,216,000 after acquiring an additional 35,121 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth about $263,000. Finally, Blue Trust Inc. increased its position 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 worth $254,000 after purchasing an additional 2,655 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 10.5 %

NYSE DINO traded up $2.72 on Wednesday, hitting $28.63. 5,518,612 shares of the stock were exchanged, compared to its average volume of 2,346,029. The company's 50-day moving average price is $33.64 and its two-hundred day moving average price is $37.68. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 34.91 and a beta of 1.00. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $62.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

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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 net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. Research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio is 243.90%.

Analyst Ratings Changes

DINO has been the subject of a number of research reports. Morgan Stanley decreased their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. TD Cowen dropped their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Finally, Mizuho lowered their target price on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $46.50.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company's stock.

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.