National Bank of Canada FI Boosts Position in HF Sinclair Co. (NYSE:DINO)

National Bank of Canada FI boosted its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 5,252.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,025 shares of the company's stock after acquiring an additional 48,109 shares during the period. National Bank of Canada FI's holdings in HF Sinclair were worth $1,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its position in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after acquiring an additional 327 shares in the last quarter. Quarry LP lifted its stake in shares of HF Sinclair by 1,591.3% in the 3rd quarter. Quarry LP now owns 1,353 shares of the company's stock valued at $60,000 after purchasing an additional 1,273 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of HF Sinclair by 68.0% during the fourth 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 in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DINO has been the subject of several recent research reports. Morgan Stanley lowered their price objective 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. Mizuho reduced their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Scotiabank lowered their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday. Finally, Barclays dropped their target price 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. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of "Hold" and a consensus price target of $45.70.

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Insider Buying and Selling

In other news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, with a total value 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 $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Price Performance

DINO traded down $0.09 during trading on Monday, reaching $27.68. 127,075 shares of the company traded hands, compared to its average volume of 2,360,807. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $60.55. The firm has a fifty day simple moving average of $33.26 and a 200 day simple moving average of $37.38. 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 $5.21 billion, a P/E ratio of 33.75 and a beta of 1.00.

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

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is 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.