HF Sinclair Co. (NYSE:DINO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,698,736 shares of the company's stock after selling 1,316,067 shares during the quarter. Vanguard Group Inc. owned about 8.88% of HF Sinclair worth $585,291,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after acquiring an additional 617,218 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock valued at $74,116,000 after purchasing an additional 1,126,825 shares during the period. Amundi lifted its stake in shares of 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 purchasing an additional 996,155 shares during the last quarter. FMR LLC grew its holdings in shares of HF Sinclair by 13.8% during the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company's stock worth $52,023,000 after purchasing an additional 141,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HF Sinclair by 21.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company's stock worth $38,406,000 after purchasing an additional 153,148 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DINO shares. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Mizuho lowered their price objective 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. Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. Wells Fargo & Company raised their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, Morgan Stanley dropped their price objective on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $46.50.

HF Sinclair Stock Down 6.2 %

DINO stock traded down $1.81 during mid-day trading on Friday, reaching $27.46. The company had a trading volume of 6,471,077 shares, compared to its average volume of 2,303,893. HF Sinclair Co. has a fifty-two week low of $26.02 and a fifty-two week high of $63.84. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 33.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a fifty day simple moving average of $34.55 and a 200 day simple moving average of $38.29.

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 analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. Analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid 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 dividend yield of 7.28%. HF Sinclair's payout ratio is currently 243.90%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

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.