Vanguard Group Inc. Reduces Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Vanguard Group Inc. trimmed its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,698,736 shares of the company's stock after selling 1,316,067 shares during the quarter. Vanguard Group Inc. owned 8.88% of HF Sinclair worth $585,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DINO. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair in the fourth quarter valued at $27,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its holdings in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after buying an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after acquiring an additional 558 shares during the period. Finally, Millburn Ridgefield Corp bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $50,000. Institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Down 7.5 %

Shares of HF Sinclair stock traded down $2.19 on Friday, reaching $27.07. The stock had a trading volume of 3,764,550 shares, compared to its average volume of 2,286,294. 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 stock has a market capitalization of $5.10 billion, a P/E ratio of 33.11 and a beta of 1.13. HF Sinclair Co. has a 1 year low of $26.04 and a 1 year high of $64.16. The company has a 50 day moving average price of $34.71 and a 200 day moving average price of $38.47.

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HF Sinclair (NYSE:DINO - Get Free Report) last issued 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). 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. As a group, equities research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's payout ratio is presently 243.90%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DINO. Mizuho decreased their price target on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday. 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 report on Tuesday, December 10th. Piper Sandler set a $46.00 price target on HF Sinclair in a research note on Friday, March 7th. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and a consensus target price of $46.50.

Insider Transactions at HF Sinclair

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

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.