Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in HF Sinclair Co. (NYSE:DINO)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,314 shares of the company's stock after purchasing an additional 26,856 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of HF Sinclair worth $4,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sugar Maple Asset Management LLC purchased a new stake in HF Sinclair during the 4th quarter valued at $27,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in HF Sinclair during the third quarter valued at approximately $50,000. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on DINO. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. Barclays lowered their price target on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. TD Cowen cut their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Finally, Morgan Stanley cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and an average target price of $46.50.

Remove Ads

HF Sinclair Trading Down 6.2 %

DINO traded down $1.81 during trading hours on Friday, reaching $27.46. 6,471,077 shares of the company's stock traded hands, compared to its average volume of 2,303,893. The firm has a 50-day moving average price of $34.55 and a 200 day moving average price of $38.23. The firm has a market capitalization of $5.17 billion, a PE ratio of 33.48 and a beta of 1.00. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 52-week low of $26.02 and a 52-week high of $63.84.

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 company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal 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 paid a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 7.28%. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate 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.