Intech Investment Management LLC Grows Stock Position in HF Sinclair Co. (NYSE:DINO)

Intech Investment Management LLC lifted its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 158.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,003 shares of the company's stock after acquiring an additional 30,013 shares during the period. Intech Investment Management LLC's holdings in HF Sinclair were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its position in HF Sinclair by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 49,384 shares of the company's stock worth $2,201,000 after buying an additional 3,456 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of HF Sinclair by 2.1% during the third quarter. Mutual of America Capital Management LLC now owns 87,656 shares of the company's stock worth $3,907,000 after purchasing an additional 1,840 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of HF Sinclair by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company's stock worth $1,711,000 after purchasing an additional 1,890 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in HF Sinclair during the third quarter valued at $1,095,000. Finally, Advisors Asset Management Inc. boosted its holdings in HF Sinclair by 42.8% in the third quarter. Advisors Asset Management Inc. now owns 31,171 shares of the company's stock valued at $1,389,000 after purchasing an additional 9,346 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TD Cowen reduced their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research report on Friday, March 7th. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. 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. Finally, Barclays reduced 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $47.00.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company's stock.

HF Sinclair Price Performance

DINO stock traded up $0.35 during midday trading on Wednesday, reaching $33.53. The stock had a trading volume of 2,347,895 shares, compared to its average volume of 3,371,215. The company's fifty day simple moving average is $35.24 and its 200 day simple moving average is $38.99. 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 cap of $6.32 billion, a price-to-earnings ratio of 40.88 and a beta of 1.13. HF Sinclair Co. has a 52-week low of $29.85 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (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%. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 5.97%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

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.