HF Sinclair Co. (NYSE:DINO) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,838 shares of the company's stock after selling 33,930 shares during the quarter. Pictet Asset Management Holding SA's holdings in HF Sinclair were worth $2,518,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DINO. JPMorgan Chase & Co. boosted 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. Amundi boosted its position in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after purchasing an additional 996,155 shares during the last quarter. Aigen Investment Management LP boosted its position in HF Sinclair by 124.9% in the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock worth $2,216,000 after purchasing an additional 35,121 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at about $263,000. Finally, Blue Trust Inc. increased its position in shares of HF Sinclair by 57.9% during the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after purchasing an additional 2,655 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DINO shares. Mizuho cut 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 report on Thursday, April 3rd. TD Cowen lowered their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Piper Sandler set a $46.00 price target on HF Sinclair in a research report on Friday, March 7th. 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. Finally, Barclays reduced their target price on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, HF Sinclair presently has an average rating of "Hold" and an average target price of $46.50.

HF Sinclair Stock Performance

NYSE:DINO traded up $2.72 during trading hours on Wednesday, hitting $28.63. 5,518,612 shares of the company were exchanged, compared to its average volume of 2,346,029. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $62.19. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 34.91 and a beta of 1.00. The company's 50 day moving average price is $33.64 and its 200-day moving average price is $37.68.

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 the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. As a group, 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 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.