HF Sinclair Co. (NYSE:DINO) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in HF Sinclair Co. (NYSE:DINOFree Report) by 96.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 177,909 shares of the company’s stock after purchasing an additional 87,197 shares during the quarter. Hsbc Holdings PLC owned 0.10% of HF Sinclair worth $9,897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DINO. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 869,429 shares during the period. Dimensional Fund Advisors LP raised its holdings in HF Sinclair by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock worth $297,027,000 after purchasing an additional 98,477 shares during the period. Pacer Advisors Inc. boosted its position in HF Sinclair by 55.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after purchasing an additional 1,656,704 shares in the last quarter. Deutsche Bank AG grew its holdings in HF Sinclair by 13.8% in the third quarter. Deutsche Bank AG now owns 1,709,684 shares of the company’s stock valued at $97,332,000 after purchasing an additional 207,014 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in HF Sinclair by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock valued at $80,908,000 after purchasing an additional 17,934 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DINO. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and increased their target price for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. Barclays initiated coverage on shares of HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective on the stock. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Mizuho decreased their price target on shares of HF Sinclair from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Finally, Wells Fargo & Company lifted their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $64.92.

Read Our Latest Analysis on HF Sinclair

HF Sinclair Stock Up 4.2 %

Shares of NYSE:DINO opened at $55.23 on Monday. HF Sinclair Co. has a 52-week low of $41.09 and a 52-week high of $64.16. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $57.79 and a two-hundred day moving average of $56.58. The stock has a market cap of $10.61 billion, a P/E ratio of 6.84 and a beta of 1.25.

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

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Tuesday, May 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

Insider Buying and Selling

In other HF Sinclair 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 transaction, the director now owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred 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 owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers bought 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the transaction, the director now owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Company 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.

Read More

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

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