Prudential PLC Invests $353,000 in HF Sinclair Co. (NYSE:DINO)

Prudential PLC acquired a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,084 shares of the company's stock, valued at approximately $353,000.

A number of other institutional investors have also modified their holdings of DINO. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair during the 4th quarter worth $27,000. Lee Danner & Bass Inc. acquired a new position in shares of HF Sinclair during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased 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 valued at $33,000 after purchasing an additional 327 shares during the period. Quarry LP raised 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 worth $60,000 after buying an additional 1,273 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares during the period. Institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DINO shares. Morgan Stanley dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. 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 note on Friday. TD Cowen reduced their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Finally, Barclays cut their price objective on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.70.

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HF Sinclair Stock Up 0.6 %

DINO stock traded up $0.17 during mid-day trading on Monday, hitting $27.94. The stock had a trading volume of 236,822 shares, compared to its average volume of 2,361,083. 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 1-year low of $24.66 and a 1-year high of $60.55. The company has a fifty day moving average of $33.26 and a 200 day moving average of $37.38. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 34.07 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) earnings per share (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 return on equity of 1.98% and a net margin of 0.62%. On average, equities analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company 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. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 7.16%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.