Securian Asset Management Inc. Sells 522 Shares of HF Sinclair Co. (NYSE:DINO)

Securian Asset Management Inc. lowered its holdings in HF Sinclair Co. (NYSE:DINO) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,090 shares of the company’s stock after selling 522 shares during the quarter. Securian Asset Management Inc.’s holdings in HF Sinclair were worth $424,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Amundi increased its holdings in HF Sinclair by 132.3% during 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 period. Pacer Advisors Inc. boosted its position in HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after acquiring an additional 626,755 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 617,218 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of HF Sinclair by 1,445.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock worth $16,531,000 after acquiring an additional 441,116 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of HF Sinclair during the 4th quarter worth $8,830,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of several analyst reports. Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Barclays cut their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research report on Friday, March 7th. Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.10.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 10,635 shares of company stock valued at $367,140 over the last 90 days. Insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $33.52 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a 50-day moving average of $35.48 and a two-hundred day moving average of $39.58. The stock has a market cap of $6.31 billion, a P/E ratio of 40.87 and a beta of 1.13. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last released its 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 return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. As a group, research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.97%. HF Sinclair’s payout ratio is currently 243.90%.

HF Sinclair Company 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.