HF Sinclair Co. (NYSE:DINO) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 51.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,317,202 shares of the company's stock after selling 1,410,691 shares during the period. Invesco Ltd. owned about 0.70% of HF Sinclair worth $46,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DINO. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the fourth quarter worth $27,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its position in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares during the period. Finally, IFP Advisors Inc boosted its position in HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Down 2.4 %

Shares of NYSE:DINO traded down $0.71 during mid-day trading on Monday, hitting $28.32. 109,144 shares of the company traded hands, compared to its average volume of 2,379,032. The firm's 50 day simple moving average is $32.35 and its 200 day simple moving average is $36.78. The firm has a market cap of $5.34 billion, a P/E ratio of 34.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. On average, equities analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.06%. The ex-dividend date was Thursday, March 6th. HF Sinclair's payout ratio is currently 243.90%.

Wall Street Analyst Weigh In

Several research firms recently commented on DINO. Wells Fargo & Company upped their target price on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Barclays cut their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Mizuho dropped 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 price target on shares of HF Sinclair in a report on Friday, March 7th. 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 report 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.10.

Insider Activity

In other news, Director Franklin Myers acquired 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 completion of the purchase, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.