Nordea Investment Management AB Grows Position in HF Sinclair Co. (NYSE:DINO)

Nordea Investment Management AB lifted its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 281,675 shares of the company's stock after acquiring an additional 27,733 shares during the period. Nordea Investment Management AB owned approximately 0.15% of HF Sinclair worth $9,828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DINO. JPMorgan Chase & Co. grew its position 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 acquiring an additional 33,373 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at $134,000. World Investment Advisors LLC bought a new position in shares of HF Sinclair during the 3rd quarter valued at $654,000. Pine Valley Investments Ltd Liability Co bought a new position in shares of HF Sinclair during the 3rd quarter valued at $5,927,000. Finally, Virtu Financial LLC purchased a new position in HF Sinclair in the 3rd quarter worth $298,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 7,000 shares of the company's stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares of the company's stock, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 17,000 shares of company stock worth $628,370 over the last ninety days. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DINO shares. Wells Fargo & Company cut HF Sinclair from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $53.00 to $45.00 in a research note on Monday, December 9th. BMO Capital Markets reduced their price target on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Scotiabank decreased their price target on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Piper Sandler dropped their price objective on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, September 20th. Finally, Mizuho decreased their target price on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of "Hold" and a consensus price target of $51.45.

HF Sinclair Trading Up 3.2 %

NYSE DINO traded up $1.10 during trading on Friday, hitting $35.87. The company had a trading volume of 3,416,471 shares, compared to its average volume of 2,290,720. The company's fifty day moving average is $38.44 and its 200-day moving average is $44.04. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 22.14 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the firm earned $4.06 earnings per share. HF Sinclair's revenue was down 19.1% on a year-over-year basis. On average, sell-side analysts predict that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.58%. HF Sinclair's dividend payout ratio is presently 123.46%.

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.