HF Sinclair Co. (NYSE:DINO) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its holdings in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 86.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,607 shares of the company’s stock after purchasing an additional 23,909 shares during the period. Vinva Investment Management Ltd’s holdings in HF Sinclair were worth $2,869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Pinebridge Investments L.P. raised its holdings in shares of HF Sinclair by 317.0% during the 4th quarter. Pinebridge Investments L.P. now owns 38,165 shares of the company’s stock valued at $2,121,000 after purchasing an additional 29,013 shares in the last quarter. American International Group Inc. lifted its holdings in HF Sinclair by 3.2% in the 4th quarter. American International Group Inc. now owns 211,372 shares of the company’s stock worth $11,746,000 after purchasing an additional 6,485 shares during the last quarter. Bollard Group LLC bought a new stake in HF Sinclair during the fourth quarter worth approximately $10,976,000. 1832 Asset Management L.P. raised its position in shares of HF Sinclair by 21.3% in the fourth quarter. 1832 Asset Management L.P. now owns 24,309 shares of the company’s stock valued at $1,351,000 after purchasing an additional 4,265 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of HF Sinclair by 3.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 25,175 shares of the company’s stock worth $1,399,000 after buying an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.4 %

Shares of DINO stock traded down $0.74 on Friday, reaching $53.25. 1,512,050 shares of the stock were exchanged, compared to its average volume of 1,504,081. The stock has a 50 day moving average price of $57.14 and a 200 day moving average price of $56.54. The stock has a market cap of $10.23 billion, a PE ratio of 6.59 and a beta of 1.25. HF Sinclair Co. has a one year low of $42.00 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09.

HF Sinclair (NYSE:DINOGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. HF Sinclair’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities research analysts forecast that HF Sinclair Co. will post 6.06 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.76%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s payout ratio is 24.75%.

Wall Street Analysts Forecast Growth

DINO has been the topic of several recent analyst reports. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Scotiabank raised their target price on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Piper Sandler reduced their price objective on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, May 14th. Mizuho decreased their target price on HF Sinclair from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Finally, TD Cowen lifted their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.58.

View Our Latest Research Report on DINO

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the acquisition, the director now owns 138,293 shares in the company, valued at $7,933,869.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Franklin Myers purchased 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the purchase, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

HF Sinclair Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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