Symmetry Investments LP Purchases New Stake in HF Sinclair Co. (NYSE:DINO)

Symmetry Investments LP bought a new position in HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,268 shares of the company's stock, valued at approximately $605,000.

Other hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new stake in HF Sinclair during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 acquiring an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock opened at $29.89 on Wednesday. The business has a 50 day simple moving average of $32.08 and a 200 day simple moving average of $36.61. HF Sinclair Co. has a one year low of $24.66 and a one year high of $58.73. The company has a market capitalization of $5.63 billion, a PE ratio of 36.45 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.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.69%. HF Sinclair's dividend payout ratio is 243.90%.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Wells Fargo & Company boosted their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Piper Sandler set a $46.00 price target on HF Sinclair in a research note on Friday, March 7th. Scotiabank dropped their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Mizuho cut their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $45.10.

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.

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