Quantbot Technologies LP Buys New Position in HF Sinclair Co. (NYSE:DINO)

Quantbot Technologies LP acquired a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,478 shares of the company's stock, valued at approximately $2,961,000.

A number of other institutional investors also recently bought and sold shares of DINO. Charles Schwab Investment Management Inc. lifted its stake in shares of HF Sinclair by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after purchasing an additional 617,218 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock valued at $74,116,000 after buying an additional 1,126,825 shares during the last quarter. Amundi boosted its stake in HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after buying an additional 996,155 shares during the period. FMR LLC boosted its stake in HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company's stock worth $52,023,000 after buying an additional 141,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HF Sinclair by 21.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company's stock valued at $38,406,000 after acquiring an additional 153,148 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company's stock.

HF Sinclair Stock Down 0.8 %

HF Sinclair stock traded down $0.26 during trading on Thursday, reaching $33.29. The stock had a trading volume of 1,714,596 shares, compared to its average volume of 2,201,242. HF Sinclair Co. has a 52-week low of $29.85 and a 52-week high of $64.16. The business has a 50 day moving average price of $35.17 and a 200 day moving average price of $38.95. 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 stock has a market cap of $6.27 billion, a PE ratio of 40.60 and a beta of 1.13.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. On average, analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.01%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DINO. Wells Fargo & Company increased their price objective 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. Barclays lowered their price target on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Piper Sandler set a $46.00 target price on HF Sinclair in a report on Friday, March 7th. Finally, Mizuho cut their price target 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 five have assigned a buy rating to the stock. According to MarketBeat, HF Sinclair currently has a consensus rating of "Hold" and an average target price of $47.00.

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.