Russell Investments Group Ltd. Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Russell Investments Group Ltd. reduced its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,336 shares of the company's stock after selling 12,725 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of HF Sinclair worth $7,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair in the fourth quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 327 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 558 shares during the period. Finally, IFP Advisors Inc lifted its stake in HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after purchasing an additional 417 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.28% of the company's stock.

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Wall Street Analysts Forecast Growth

DINO has been the subject of several recent research reports. Mizuho lowered their price objective 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. Barclays lowered their target price on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Piper Sandler set a $46.00 price target on HF Sinclair in a research report on Friday, March 7th. Wells Fargo & Company boosted their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $45.70.

HF Sinclair Stock Down 1.6 %

Shares of NYSE DINO traded down $0.46 during mid-day trading on Tuesday, reaching $27.40. The company had a trading volume of 2,342,368 shares, compared to its average volume of 2,373,947. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.87. The stock has a market cap of $5.16 billion, a P/E ratio of 33.42 and a beta of 1.00. 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 firm has a 50 day simple moving average of $32.87 and a two-hundred day simple moving average of $37.19.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for 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%. Sell-side analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is currently 243.90%.

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.