JPMorgan Chase & Co. Has $23.98 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

JPMorgan Chase & Co. lessened its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 19.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 684,274 shares of the company's stock after selling 164,843 shares during the period. JPMorgan Chase & Co. owned 0.36% of HF Sinclair worth $23,984,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at $27,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC increased its position in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings 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 worth $48,000 after purchasing 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 valued at $58,000 after purchasing an additional 417 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Down 0.9 %

Shares of HF Sinclair stock traded down $0.24 during trading hours on Tuesday, hitting $27.62. The company's stock had a trading volume of 304,744 shares, compared to its average volume of 3,364,196. The company has a market capitalization of $5.20 billion, a PE ratio of 33.70 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a 50 day moving average of $33.06 and a 200 day moving average of $37.26. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.87.

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HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company 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%. Analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 7.24%. The ex-dividend date was Thursday, March 6th. HF Sinclair's payout ratio is presently 243.90%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DINO. Mizuho lowered their price target on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a report on Friday, March 7th. Scotiabank reduced their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday. Wells Fargo & Company lifted their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Finally, Morgan Stanley cut their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, HF Sinclair has a consensus rating of "Hold" and a consensus price target of $45.70.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company's stock.

About HF Sinclair

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.