Natixis Invests $1.59 Million in HF Sinclair Co. (NYSE:DINO)

Natixis acquired a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 45,260 shares of the company's stock, valued at approximately $1,586,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock valued at $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Amundi grew its stake 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 last quarter. Aigen Investment Management LP raised its holdings in HF Sinclair by 124.9% in the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock worth $2,216,000 after acquiring an additional 35,121 shares during the period. Norges Bank acquired a new position in HF Sinclair during the 4th quarter worth $41,317,000. Finally, Merit Financial Group LLC bought a new stake in HF Sinclair during the fourth quarter valued at about $263,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

HF Sinclair stock traded down $0.01 during mid-day trading on Friday, hitting $30.55. 1,295,636 shares of the company were exchanged, compared to its average volume of 2,396,529. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $31.61 and a 200 day moving average of $36.36. The company has a market capitalization of $5.76 billion, a PE ratio of 37.26 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly 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). The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.55%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DINO shares. Mizuho dropped their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. Scotiabank reduced their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays dropped their target price on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Morgan Stanley decreased their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $44.50.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 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 owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.28% of the company's stock.

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.