200,600 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 200,600 shares of the company's stock, valued at approximately $7,031,000. KLP Kapitalforvaltning AS owned approximately 0.11% of HF Sinclair at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in HF Sinclair during the third quarter worth $50,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of HF Sinclair in the third quarter valued at $59,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the company's 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 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research firms have recently commented on DINO. Barclays decreased 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 research report on Friday, March 14th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Wells Fargo & Company raised their target price on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Morgan Stanley decreased their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $47.00.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $0.20 during trading hours on Friday, hitting $33.07. 2,078,761 shares of the company's stock traded hands, compared to its average volume of 2,274,413. The company has a fifty day simple moving average of $35.03 and a 200-day simple moving average of $38.83. 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 stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 40.33 and a beta of 1.13. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last posted 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). 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 for the quarter, compared to analysts' expectations of $6.56 billion. Equities research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.05%. HF Sinclair's payout ratio is 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.