Whittier Trust Co. of Nevada Inc. Grows Stake in HF Sinclair Co. (NYSE:DINO)

Whittier Trust Co. of Nevada Inc. raised its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,206 shares of the company's stock after acquiring an additional 18,154 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.06% of HF Sinclair worth $4,002,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DINO. Whittier Trust Co. lifted its position in shares of HF Sinclair by 1.3% during the fourth quarter. Whittier Trust Co. now owns 184,248 shares of the company's stock worth $6,456,000 after purchasing an additional 2,282 shares in the last quarter. Magnetar Financial LLC boosted its position in HF Sinclair by 421.4% in the 4th quarter. Magnetar Financial LLC now owns 46,153 shares of the company's stock valued at $1,618,000 after buying an additional 37,302 shares during the last quarter. Xponance Inc. increased its stake in shares of HF Sinclair by 5.3% in the 4th quarter. Xponance Inc. now owns 26,281 shares of the company's stock valued at $921,000 after buying an additional 1,333 shares during the period. Intech Investment Management LLC raised its position in shares of HF Sinclair by 158.0% during the fourth quarter. Intech Investment Management LLC now owns 49,003 shares of the company's stock worth $1,718,000 after acquiring an additional 30,013 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in shares of HF Sinclair during the fourth quarter valued at $140,000. Institutional investors own 88.29% of the company's stock.

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HF Sinclair Stock Up 1.0 %

NYSE DINO traded up $0.35 during trading hours on Wednesday, reaching $33.53. 2,347,895 shares of the company's stock were exchanged, compared to its average volume of 2,200,026. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16. The company's 50-day moving average is $35.24 and its two-hundred day moving average is $38.99. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 40.88 and a beta of 1.13.

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

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 243.90%.

Analysts Set New Price Targets

DINO has been the subject of a number of research reports. Barclays lowered their price objective 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. JPMorgan Chase & Co. lowered their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Mizuho cut their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. TD Cowen lowered their target price on shares of 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 research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of "Hold" and a consensus target price of $47.00.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company's stock.

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.