2,748,755 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN acquired a new position in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,748,755 shares of the company’s stock, valued at approximately $96,344,000. HF Sinclair comprises approximately 4.5% of Southeastern Asset Management Inc. TN’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors have also recently bought and sold shares of DINO. Balyasny Asset Management L.P. grew its holdings in HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after acquiring an additional 1,593,875 shares during the period. Norges Bank acquired a new stake in HF Sinclair during the 4th quarter worth $41,317,000. Thompson Siegel & Walmsley LLC grew its holdings in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after acquiring an additional 1,126,825 shares during the period. First Trust Advisors LP grew its holdings in HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the period. Finally, Amundi grew its holdings in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after acquiring an additional 996,155 shares during the period. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Piper Sandler lowered their target price on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. TD Cowen lifted their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, May 2nd. Wells Fargo & Company lowered their target price on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Finally, Mizuho raised shares of HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.30.

HF Sinclair Price Performance

Shares of DINO stock opened at $37.22 on Friday. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $58.73. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 45.39 and a beta of 0.81. 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 firm has a fifty day moving average of $31.33 and a 200-day moving average of $35.33.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. The company had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. On average, equities research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Thursday, May 15th. HF Sinclair’s payout ratio is presently -259.74%.

Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% 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.