HF Sinclair Co. (NYSE:DINO) Shares Acquired by Magnetar Financial LLC

Magnetar Financial LLC boosted its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 421.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,153 shares of the company's stock after purchasing an additional 37,302 shares during the period. Magnetar Financial LLC's holdings in HF Sinclair were worth $1,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DINO. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair in the 4th quarter worth $27,000. EverSource Wealth Advisors LLC lifted its position in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the period. Millburn Ridgefield Corp acquired a new position in HF Sinclair during the third quarter valued at $50,000. Transamerica Financial Advisors Inc. purchased a new stake in HF Sinclair in the third quarter valued at $59,000. Finally, Quarry LP grew its position in HF Sinclair by 1,591.3% during the 3rd quarter. Quarry LP now owns 1,353 shares of the company's stock worth $60,000 after purchasing an additional 1,273 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley lowered their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. Barclays dropped their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. TD Cowen decreased 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 note on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $47.00.

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Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.28% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.04 during midday trading on Tuesday, reaching $33.18. The company had a trading volume of 2,264,936 shares, compared to its average volume of 2,195,404. 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 Co. has a 12-month low of $29.85 and a 12-month high of $64.16. The company has a market capitalization of $6.25 billion, a P/E ratio of 40.46 and a beta of 1.13. The firm's fifty day simple moving average is $35.30 and its 200-day simple moving average is $39.08.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. As a group, equities analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 6.03%. The ex-dividend date was Thursday, March 6th. 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.