Swiss National Bank Lowers Holdings in HF Sinclair Co. (NYSE:DINO)

Swiss National Bank trimmed its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 458,100 shares of the company's stock after selling 25,100 shares during the period. Swiss National Bank owned about 0.24% of HF Sinclair worth $16,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DINO. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its stake in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in HF Sinclair by 68.0% in the fourth 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. Millburn Ridgefield Corp purchased a new position in HF Sinclair in the third quarter valued at approximately $50,000. Finally, IFP Advisors Inc increased its stake in HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after purchasing an additional 417 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DINO has been the topic of a number of research reports. Mizuho lowered their target price on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Barclays lowered their target price 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. TD Cowen decreased their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Finally, Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of "Hold" and an average price target of $47.00.

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Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Price Performance

Shares of NYSE:DINO traded down $0.35 during midday trading on Friday, hitting $33.54. 16,410,391 shares of the stock were exchanged, compared to its average volume of 2,191,676. The stock has a market cap of $6.32 billion, a P/E ratio of 40.90 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. The company has a 50 day moving average price of $35.38 and a 200-day moving average price of $39.28.

HF Sinclair (NYSE:DINO - Get Free Report) last released 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). The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates 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 forecast that HF Sinclair Co. will post 2.39 earnings per share for the current 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 5.96%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio 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.