HF Sinclair Co. (NYSE:DINO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 51.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 101,059 shares of the company's stock after selling 108,776 shares during the period. Victory Capital Management Inc. owned about 0.05% of HF Sinclair worth $3,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock worth $374,909,000 after purchasing an additional 626,755 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 617,218 shares in the last quarter. FMR LLC raised its position in shares of HF Sinclair by 13.8% in the third quarter. FMR LLC now owns 1,167,209 shares of the company's stock valued at $52,023,000 after buying an additional 141,472 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of HF Sinclair by 11.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 987,750 shares of the company's stock valued at $44,024,000 after buying an additional 101,586 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of HF Sinclair by 21.6% in the third 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 buying an additional 153,148 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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HF Sinclair Trading Down 0.1 %

Shares of DINO traded down $0.04 during trading on Thursday, reaching $33.89. 977,699 shares of the company traded hands, compared to its average volume of 2,140,797. The stock has a 50-day simple moving average of $35.44 and a 200-day simple moving average of $39.43. The stock has a market cap of $6.38 billion, a PE ratio of 41.55 and a beta of 1.13. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

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

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.90%. The ex-dividend date is Thursday, March 6th. HF Sinclair's payout ratio is 243.90%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of recent research reports. 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 report on Friday, March 14th. Mizuho cut their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Barclays reduced their price objective on 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 dropped their target price 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 stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of "Hold" and a consensus price target of $47.10.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction on 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 purchase, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by company 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.