Trexquant Investment LP Purchases 166,866 Shares of HF Sinclair Co. (NYSE:DINO)

Trexquant Investment LP lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 294.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,601 shares of the company’s stock after acquiring an additional 166,866 shares during the period. Trexquant Investment LP’s holdings in HF Sinclair were worth $7,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DINO. JPMorgan Chase & Co. lifted its stake in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Amundi lifted its position in shares of 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 buying an additional 996,155 shares during the last quarter. Aigen Investment Management LP boosted its stake in HF Sinclair by 124.9% in the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock valued at $2,216,000 after buying an additional 35,121 shares in the last quarter. Merit Financial Group LLC bought a new position in HF Sinclair in the fourth quarter valued at about $263,000. Finally, Blue Trust Inc. raised its stake in HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after acquiring an additional 2,655 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DINO shares. Morgan Stanley lowered their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Mizuho dropped their price target on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and a consensus price target of $46.50.

HF Sinclair Trading Down 12.8 %

Shares of DINO stock opened at $29.32 on Friday. The company has a market cap of $5.52 billion, a P/E ratio of 35.75 and a beta of 1.13. HF Sinclair Co. has a fifty-two week low of $29.17 and a fifty-two week high of $64.16. The stock has a 50 day simple moving average of $34.71 and a two-hundred day simple moving average of $38.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last released its 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). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

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.