Resona Asset Management Co. Ltd. Buys Shares of 51,290 HF Sinclair Co. (NYSE:DINO)

Resona Asset Management Co. Ltd. purchased a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 51,290 shares of the company's stock, valued at approximately $1,792,000.

Several other hedge funds and other institutional investors have also modified their holdings of DINO. Sugar Maple Asset Management LLC bought a new position in HF Sinclair in the fourth quarter worth about $27,000. Lee Danner & Bass Inc. bought a new stake in HF Sinclair in the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after acquiring an additional 558 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of NYSE:DINO traded down $0.22 on Tuesday, reaching $27.65. 463,681 shares of the company traded hands, compared to its average volume of 2,362,861. The stock has a market capitalization of $5.21 billion, a PE ratio of 33.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company's 50 day moving average is $33.06 and its 200-day moving average is $37.26. HF Sinclair Co. has a fifty-two week low of $24.66 and a fifty-two week high of $60.55.

Remove Ads

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

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date was Thursday, March 6th. HF Sinclair's payout ratio is presently 243.90%.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company's stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DINO. Mizuho decreased their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Wells Fargo & Company increased their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Morgan Stanley cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Scotiabank decreased their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday. Finally, Barclays dropped their price target on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $45.70.

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.