Trexquant Investment LP Buys 166,866 Shares of HF Sinclair Co. (NYSE:DINO)

Trexquant Investment LP lifted its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 294.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 223,601 shares of the company's stock after acquiring an additional 166,866 shares during the quarter. Trexquant Investment LP owned approximately 0.12% of HF Sinclair worth $7,837,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DINO. Charles Schwab Investment Management Inc. boosted its position in HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after purchasing an additional 617,218 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after buying an additional 1,126,825 shares during the period. Amundi grew its stake in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after buying an additional 996,155 shares in the last quarter. Norges Bank bought a new stake in HF Sinclair during the 4th quarter valued at $41,317,000. Finally, FMR LLC lifted its position in shares of HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company's stock worth $52,023,000 after acquiring an additional 141,472 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by insiders.

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HF Sinclair Price Performance

NYSE:DINO traded up $2.72 during midday trading on Wednesday, hitting $28.63. The company had a trading volume of 5,518,612 shares, compared to its average volume of 2,346,029. The stock's fifty day moving average price is $33.64 and its 200-day moving average price is $37.68. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $62.19. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.39 billion, a PE ratio of 34.91 and a beta of 1.00.

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

HF Sinclair Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DINO. Barclays reduced their price target on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Morgan Stanley cut their price objective 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. JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Mizuho lowered their target price on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, HF Sinclair currently has an average rating of "Hold" and a consensus target price of $46.50.

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.