Schroder Investment Management Group Sells 288,635 Shares of HF Sinclair Co. (NYSE:DINO)

Schroder Investment Management Group lessened its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 63.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 163,287 shares of the company's stock after selling 288,635 shares during the period. Schroder Investment Management Group owned about 0.09% of HF Sinclair worth $5,588,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. FMR LLC boosted its holdings in shares of HF Sinclair by 13.8% in 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. Townsquare Capital LLC purchased a new position in HF Sinclair during the 3rd quarter worth approximately $220,000. Captrust Financial Advisors grew its position in HF Sinclair by 14.2% during the 3rd quarter. Captrust Financial Advisors now owns 18,475 shares of the company's stock worth $823,000 after purchasing an additional 2,297 shares in the last quarter. Janus Henderson Group PLC raised its stake in HF Sinclair by 4.9% during the 3rd quarter. Janus Henderson Group PLC now owns 706,799 shares of the company's stock valued at $31,502,000 after purchasing an additional 32,951 shares during the period. Finally, Investment Management Corp of Ontario lifted its holdings in shares of HF Sinclair by 6.4% in the third quarter. Investment Management Corp of Ontario now owns 28,456 shares of the company's stock valued at $1,268,000 after purchasing an additional 1,700 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays lowered their price target 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. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Mizuho reduced their price target on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Finally, Morgan Stanley cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $46.50.

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Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price 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 $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.28% of the company's stock.

HF Sinclair Stock Performance

NYSE:DINO traded up $2.72 during mid-day trading on Wednesday, hitting $28.63. 5,518,612 shares of the company's stock traded hands, compared to its average volume of 2,346,029. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $62.19. 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 firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 34.91 and a beta of 1.00. The firm has a 50 day moving average of $33.64 and a two-hundred day moving average of $37.68.

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 (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 for the quarter, compared to the consensus estimate of $6.56 billion. On average, equities analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.99%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

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.