Prudential Financial Inc. Buys 34,729 Shares of HF Sinclair Co. (NYSE:DINO)

Prudential Financial Inc. increased its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 192,127 shares of the company's stock after buying an additional 34,729 shares during the period. Prudential Financial Inc. owned 0.10% of HF Sinclair worth $6,734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DINO. Stevens Capital Management LP bought a new position in HF Sinclair during the fourth quarter valued at about $218,000. LPL Financial LLC increased its position in shares of HF Sinclair by 64.0% during the fourth quarter. LPL Financial LLC now owns 106,950 shares of the company's stock valued at $3,749,000 after purchasing an additional 41,743 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $800,000. KLP Kapitalforvaltning AS acquired a new position in shares of HF Sinclair in the fourth quarter valued at $7,031,000. Finally, AXQ Capital LP lifted its position in HF Sinclair by 75.1% in the fourth quarter. AXQ Capital LP now owns 21,593 shares of the company's stock worth $757,000 after purchasing an additional 9,264 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

NYSE DINO traded up $0.35 on Wednesday, hitting $33.62. 1,433,578 shares of the company were exchanged, compared to its average volume of 2,271,231. 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 company has a market cap of $6.33 billion, a P/E ratio of 41.00 and a beta of 1.13. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The firm has a 50 day moving average of $34.90 and a two-hundred day moving average of $38.57.

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HF Sinclair (NYSE:DINO - Get Free Report) last issued 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 analyst estimates of $6.56 billion. On average, equities analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed 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 yield of 5.95%. HF Sinclair's payout ratio is 243.90%.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated 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 transaction, the director now directly 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective 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. Morgan Stanley cut their price target on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Wells Fargo & Company lifted their price objective on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Finally, Piper Sandler set a $46.00 price target 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.00.

HF Sinclair Company 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.