Mitsubishi UFJ Trust & Banking Corp Trims Position in HF Sinclair Co. (NYSE:DINO)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 58.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,732 shares of the company's stock after selling 105,389 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in HF Sinclair were worth $2,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC grew its holdings in shares of HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock valued at $74,116,000 after purchasing an additional 1,126,825 shares in the last quarter. Amundi boosted its position 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 buying an additional 996,155 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 worth $193,197,000 after acquiring an additional 617,218 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of HF Sinclair by 1,445.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company's stock worth $16,531,000 after acquiring an additional 441,116 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of HF Sinclair in the fourth quarter valued at $8,830,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DINO shares. Mizuho lowered their target price on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Barclays decreased their price target on shares of 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. Finally, Wells Fargo & Company increased their price objective 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, March 21st. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $46.50.

Insider Activity at HF Sinclair

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

HF Sinclair Stock Down 6.2 %

DINO stock traded down $1.81 during midday trading on Friday, reaching $27.46. 6,471,077 shares of the company were exchanged, compared to its average volume of 2,303,893. The stock's 50-day simple moving average is $34.55 and its 200 day simple moving average is $38.29. HF Sinclair Co. has a 1-year low of $26.02 and a 1-year high of $63.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 33.48 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.28%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

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.