Aster Capital Management DIFC Ltd Boosts Position in HF Sinclair Co. (NYSE:DINO)

Aster Capital Management DIFC Ltd boosted its holdings in HF Sinclair Co. (NYSE:DINO) by 76.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,844 shares of the company’s stock after buying an additional 7,309 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in HF Sinclair were worth $590,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock valued at $193,197,000 after purchasing an additional 617,218 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake 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 buying an additional 1,126,825 shares during the last quarter. Amundi lifted its stake in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after buying an additional 996,155 shares during the last quarter. Norges Bank acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $41,317,000. Finally, FMR LLC grew its position in shares of HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after acquiring an additional 141,472 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $27.46 on Monday. The company has a market capitalization of $5.17 billion, a PE ratio of 33.48 and a beta of 1.00. HF Sinclair Co. has a 52-week low of $25.88 and a 52-week high of $63.84. The company has a 50-day simple moving average of $34.55 and a 200-day simple moving average of $38.23. 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) last posted 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). The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Equities research analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 7.28%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is 243.90%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DINO shares. Barclays reduced their price target on shares of 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. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Mizuho dropped their price target on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley reduced 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. Finally, JPMorgan Chase & Co. lowered their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.50.

About HF Sinclair

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.