Schroder Investment Management Group Acquires 242,617 Shares of HF Sinclair Co. (NYSE:DINO)

Schroder Investment Management Group lifted its holdings in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 76.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 561,344 shares of the company’s stock after purchasing an additional 242,617 shares during the period. Schroder Investment Management Group owned about 0.31% of HF Sinclair worth $31,194,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DINO. Principal Securities Inc. bought a new position in shares of HF Sinclair during the 4th quarter valued at $30,000. North Star Investment Management Corp. grew its holdings in HF Sinclair by 4,990.9% in the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares during the last quarter. Pingora Partners LLC bought a new stake in HF Sinclair in the 4th quarter worth $35,000. Baystate Wealth Management LLC bought a new stake in HF Sinclair in the 4th quarter worth $37,000. Finally, Blue Trust Inc. grew its holdings in HF Sinclair by 30.9% in the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 6,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $57.37 per share, with a total value of $372,905.00. Following the completion of the acquisition, the director now owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other 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 directly owns 9,828 shares in the company, valued at $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers purchased 6,500 shares of HF Sinclair stock in a transaction dated Monday, May 20th. The stock was bought 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 directly 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Barclays began 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 on the stock. Wells Fargo & Company dropped their target price on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday. Mizuho dropped their target price on shares of HF Sinclair from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, Piper Sandler dropped their target price on shares of HF Sinclair from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.58.

Get Our Latest Analysis on HF Sinclair

HF Sinclair Trading Down 1.4 %

Shares of NYSE DINO opened at $53.25 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. The stock has a market cap of $10.23 billion, a P/E ratio of 6.59 and a beta of 1.25. HF Sinclair Co. has a 1 year low of $42.00 and a 1 year high of $64.16. The firm has a 50-day moving average of $57.14 and a 200 day moving average of $56.58.

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

HF Sinclair Announces Dividend

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

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.

Read More

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

Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.