Renaissance Technologies LLC Purchases 64,800 Shares of HF Sinclair Co. (NYSE:DINO)

Renaissance Technologies LLC grew its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,905 shares of the company's stock after buying an additional 64,800 shares during the quarter. Renaissance Technologies LLC owned 0.08% of HF Sinclair worth $5,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DINO. Charles Schwab Investment Management Inc. boosted its position in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after purchasing an additional 617,218 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in HF Sinclair by 114.1% during 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 period. Amundi increased its holdings 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 last quarter. Norges Bank purchased a new position in HF Sinclair in the fourth quarter valued at about $41,317,000. Finally, JPMorgan Chase & Co. grew its position in shares of HF Sinclair by 4.1% during the 3rd 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 period. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research reports. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a report on Friday, March 7th. Scotiabank cut their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company boosted their price objective 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. Finally, Barclays dropped their price target on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $45.10.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

HF Sinclair Price Performance

NYSE:DINO opened at $29.02 on Monday. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 35.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a fifty day moving average of $32.35 and a 200 day moving average of $36.78. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed 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 6.89%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is currently 243.90%.

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.

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