Federated Hermes Inc. Acquires 2,409 Shares of HF Sinclair Co. (NYSE:DINO)

Federated Hermes Inc. boosted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,004 shares of the company’s stock after purchasing an additional 2,409 shares during the quarter. Federated Hermes Inc.’s holdings in HF Sinclair were worth $1,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its stake in shares of HF Sinclair by 55.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after buying an additional 1,656,704 shares during the period. Vanguard Group Inc. raised its position in HF Sinclair by 5.5% in the third quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock worth $948,766,000 after purchasing an additional 869,429 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in HF Sinclair during the third quarter worth about $41,728,000. Korea Investment CORP boosted its holdings in HF Sinclair by 584.0% during the third quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock valued at $16,166,000 after purchasing an additional 242,447 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of HF Sinclair by 27.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company’s stock valued at $59,782,000 after purchasing an additional 230,834 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

DINO stock opened at $54.23 on Wednesday. The company’s 50-day moving average price is $58.71 and its two-hundred day moving average price is $56.43. The firm has a market cap of $10.69 billion, a P/E ratio of 6.53 and a beta of 1.28. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. HF Sinclair’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 EPS. On average, analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is 24.10%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Barclays initiated coverage on shares of HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target for the company. Piper Sandler upped their price objective on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. TD Cowen increased their price objective on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Finally, Scotiabank boosted their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.42.

Insider Buying and Selling

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the sale, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the sale, the director now owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Franklin Myers acquired 4,180 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of the purchase, the director now owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by 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.