HF Sinclair Co. (NYSE:DINO) Holdings Raised by Korea Investment CORP

Korea Investment CORP increased its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 271.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,369 shares of the company's stock after purchasing an additional 101,100 shares during the quarter. Korea Investment CORP owned approximately 0.07% of HF Sinclair worth $4,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 12.6% in the fourth 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 during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after acquiring an additional 1,126,825 shares during the period. Amundi raised its holdings in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after acquiring an additional 996,155 shares during the last quarter. FMR LLC lifted its stake in shares of HF Sinclair by 13.8% during the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company's stock worth $52,023,000 after purchasing an additional 141,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HF Sinclair by 21.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company's stock worth $38,406,000 after purchasing an additional 153,148 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

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Wall Street Analysts Forecast Growth

DINO has been the subject of several analyst reports. Barclays dropped their target price on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Mizuho cut their target price on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday. Morgan Stanley dropped their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Finally, TD Cowen dropped their target price on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $46.50.

HF Sinclair Stock Down 6.2 %

Shares of NYSE:DINO traded down $1.81 during midday trading on Friday, reaching $27.46. The company had a trading volume of 6,471,077 shares, compared to its average volume of 2,303,893. The stock's fifty day moving average price is $34.55 and its 200-day moving average price is $38.29. The stock has a market capitalization of $5.17 billion, a P/E ratio of 33.48 and a beta of 1.00. HF Sinclair Co. has a one year low of $26.02 and a one year high of $63.84. 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 (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Equities research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 7.28%. HF Sinclair's dividend payout ratio (DPR) is 243.90%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company's stock.

About HF Sinclair

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.