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

Natixis acquired a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 45,260 shares of the company's stock, valued at approximately $1,586,000.

A number of other institutional investors also recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its position 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 worth $33,000 after purchasing an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after purchasing an additional 558 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after purchasing an additional 417 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by insiders.

HF Sinclair Price Performance

NYSE:DINO traded down $0.01 during mid-day trading on Friday, reaching $30.55. 1,295,636 shares of the stock were exchanged, compared to its average volume of 2,396,527. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $31.61 and a 200 day moving average price of $36.36. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The firm 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 announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced 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 6.55%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is 243.90%.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Mizuho reduced their target price on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley cut their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday. Barclays decreased their price objective on HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $44.50.

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.