Deprince Race & Zollo Inc. Takes $6.74 Million Position in HF Sinclair Co. (NYSE:DINO)

Deprince Race & Zollo Inc. purchased a new position in HF Sinclair Co. (NYSE:DINO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 192,349 shares of the company’s stock, valued at approximately $6,742,000. Deprince Race & Zollo Inc. owned about 0.10% of HF Sinclair at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Balyasny Asset Management L.P. lifted its holdings in shares of HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock valued at $64,525,000 after buying an additional 1,593,875 shares during the period. Norges Bank acquired a new stake in HF Sinclair in the 4th quarter valued at $41,317,000. Thompson Siegel & Walmsley LLC grew its position in shares of 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 purchasing an additional 1,126,825 shares during the period. First Trust Advisors LP raised its holdings in shares of HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Finally, Amundi boosted its stake in shares of HF Sinclair by 132.3% in the fourth 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 last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DINO shares. Wells Fargo & Company lowered their target price on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Mizuho reduced their price target on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Scotiabank decreased their price target on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Piper Sandler lowered their price target 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. Finally, Morgan Stanley dropped their price target on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.30.

Insider Buying and Selling

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 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 owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $34.09 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 41.58 and a beta of 0.81. The company’s 50-day moving average price is $30.89 and its 200 day moving average price is $35.57. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $58.73.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. As a group, research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Thursday, May 15th. HF Sinclair’s payout ratio is currently -259.74%.

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.