HF Sinclair Co. (NYSE:DINO) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,927,993 shares of the company's stock after selling 140,920 shares during the quarter. LSV Asset Management owned about 2.09% of HF Sinclair worth $137,676,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DINO. JPMorgan Chase & Co. boosted its holdings 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 valued at $37,845,000 after acquiring an additional 33,373 shares during the last quarter. Amundi boosted its holdings 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 purchasing an additional 996,155 shares during the last quarter. Aigen Investment Management LP grew its position in HF Sinclair by 124.9% during the 4th 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 period. Norges Bank purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $41,317,000. Finally, Merit Financial Group LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at about $263,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DINO shares. Morgan Stanley reduced their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. Barclays cut 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. Scotiabank lowered their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday. TD Cowen decreased their price objective 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. Finally, Mizuho dropped their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, HF Sinclair currently has an average rating of "Hold" and a consensus price target of $45.70.

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HF Sinclair Trading Down 1.6 %

NYSE DINO traded down $0.46 on Tuesday, reaching $27.40. 2,342,358 shares of the company were exchanged, compared to its average volume of 2,370,129. HF Sinclair Co. has a fifty-two week low of $24.66 and a fifty-two week high of $60.55. The stock has a market capitalization of $5.16 billion, a P/E ratio of 33.42 and a beta of 1.00. The business's fifty day moving average price is $33.06 and its 200 day moving average price is $37.26. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

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 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 for the quarter, compared to analysts' expectations of $6.56 billion. 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. Stockholders of record on Thursday, March 6th were given 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 dividend yield of 7.30%. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost 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 approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company's stock.

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.