Wellington Management Group LLP Purchases 41,430 Shares of HF Sinclair Co. (NYSE:DINO)

Wellington Management Group LLP increased its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 457.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,482 shares of the company's stock after purchasing an additional 41,430 shares during the quarter. Wellington Management Group LLP's holdings in HF Sinclair were worth $1,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DINO. Charles Schwab Investment Management Inc. boosted its holdings in shares of HF Sinclair by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after buying an additional 617,218 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the period. Amundi increased its stake in shares of HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after purchasing an additional 996,155 shares in the last quarter. Norges Bank purchased a new position in shares of HF Sinclair during the fourth quarter valued at approximately $41,317,000. Finally, JPMorgan Chase & Co. grew its stake 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 worth $37,845,000 after buying an additional 33,373 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

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Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DINO has been the topic of several analyst reports. Piper Sandler set a $46.00 target price on HF Sinclair in a report on Friday, March 7th. Barclays dropped their target price on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Morgan Stanley lowered their price objective on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Mizuho reduced their target price on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company upped their price target on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.70.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded down $0.46 during trading on Tuesday, hitting $27.40. The company's stock had a trading volume of 2,342,368 shares, compared to its average volume of 2,373,947. The company has a 50-day moving average of $33.06 and a 200-day moving average of $37.26. 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 firm has a market cap of $5.16 billion, a price-to-earnings ratio of 33.42 and a beta of 1.00. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.87.

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 analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. On average, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.30%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 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.