Sei Investments Co. Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Sei Investments Co. trimmed its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 17.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 57,435 shares of the company's stock after selling 12,203 shares during the period. Sei Investments Co.'s holdings in HF Sinclair were worth $2,015,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the fourth quarter valued at $27,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair during the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the last quarter. Quarry LP boosted its stake in 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 purchasing an additional 1,273 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DINO. TD Cowen decreased their target price on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company increased their target price 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 HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Morgan Stanley lowered their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $46.50.

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Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.28% of the company's stock.

HF Sinclair Stock Performance

HF Sinclair stock traded down $1.66 during mid-day trading on Thursday, reaching $26.95. 4,412,553 shares of the stock traded hands, compared to its average volume of 2,356,883. The stock has a market capitalization of $5.08 billion, a PE ratio of 32.87 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 business's 50-day moving average is $33.46 and its 200-day moving average is $37.56. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $61.68.

HF Sinclair (NYSE:DINO - Get Free Report) last released 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). The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.42%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio is presently 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.