LPL Financial LLC Acquires 41,743 Shares of HF Sinclair Co. (NYSE:DINO)

LPL Financial LLC increased its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 64.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,950 shares of the company's stock after buying an additional 41,743 shares during the quarter. LPL Financial LLC owned 0.06% of HF Sinclair worth $3,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DINO. Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after purchasing an additional 617,218 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after buying an additional 1,126,825 shares during the period. Amundi lifted its stake in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after buying an additional 996,155 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of HF Sinclair by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock valued at $37,845,000 after buying an additional 33,373 shares during the period. Finally, River Road Asset Management LLC increased its position in shares of HF Sinclair by 0.7% during the fourth quarter. River Road Asset Management LLC now owns 775,282 shares of the company's stock worth $27,174,000 after acquiring an additional 5,435 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research firms recently commented on DINO. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Mizuho dropped 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, April 3rd. Barclays reduced their price target on 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. Finally, Morgan Stanley lowered their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Seven 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.com, HF Sinclair currently has a consensus rating of "Hold" and a consensus target price of $45.70.

HF Sinclair Stock Performance

NYSE DINO traded down $0.49 on Tuesday, hitting $27.37. 1,126,212 shares of the stock were exchanged, compared to its average volume of 2,365,554. The business's fifty day moving average is $33.06 and its 200 day moving average is $37.26. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $60.55. The company has a market capitalization of $5.16 billion, a PE ratio of 33.38 and a beta of 1.00. 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) earnings per share (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 net margin of 0.62% and a return on equity of 1.98%. Research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced 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 dividend yield of 7.31%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is presently 243.90%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.28% of the stock is owned by company insiders.

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.