First Trust Advisors LP Raises Stake in HF Sinclair Co. (NYSE:DINO)

First Trust Advisors LP raised its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 53.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,139,092 shares of the company's stock after buying an additional 1,096,485 shares during the period. First Trust Advisors LP owned about 1.67% of HF Sinclair worth $110,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DINO. Morse Asset Management Inc bought a new position in shares of HF Sinclair in the 3rd quarter worth approximately $1,560,000. Virtu Financial LLC purchased a new position in HF Sinclair during the third quarter valued at $298,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of HF Sinclair during the 3rd quarter valued at $5,927,000. World Investment Advisors LLC purchased a new stake in shares of HF Sinclair in the 3rd quarter worth about $654,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of HF Sinclair in the 3rd quarter worth about $134,000. Institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

NYSE:DINO traded down $0.01 on Friday, reaching $30.55. 1,295,574 shares of the company's stock traded hands, compared to its average volume of 2,393,973. The firm has a market cap of $5.76 billion, a PE ratio of 37.26 and a beta of 1.00. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $31.77 and a 200-day simple moving average of $36.46. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Equities research analysts forecast 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. Shareholders 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 6.55%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is 243.90%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Scotiabank cut their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays lowered their price target on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley reduced their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday. Mizuho dropped their target price on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the stock 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.50.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.