HF Sinclair Co. (NYSE:DINO) Position Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in HF Sinclair Co. (NYSE:DINO) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684,274 shares of the company’s stock after selling 164,843 shares during the quarter. JPMorgan Chase & Co. owned 0.36% of HF Sinclair worth $23,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DINO. Elo Mutual Pension Insurance Co increased its holdings in shares of HF Sinclair by 27.4% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 18,200 shares of the company’s stock valued at $638,000 after buying an additional 3,915 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of HF Sinclair by 24.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,314 shares of the company’s stock worth $4,764,000 after purchasing an additional 26,856 shares during the period. Korea Investment CORP lifted its holdings in shares of HF Sinclair by 271.3% during the fourth quarter. Korea Investment CORP now owns 138,369 shares of the company’s stock valued at $4,850,000 after purchasing an additional 101,100 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of HF Sinclair by 22.1% in the 4th quarter. Prudential Financial Inc. now owns 192,127 shares of the company’s stock valued at $6,734,000 after purchasing an additional 34,729 shares during the period. Finally, Stevens Capital Management LP purchased a new position in HF Sinclair in the 4th quarter worth about $218,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Up 10.5 %

DINO opened at $28.63 on Thursday. The company has a market capitalization of $5.39 billion, a PE ratio of 34.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a fifty-two week low of $24.66 and a fifty-two week high of $62.19. The business has a 50-day moving average of $33.64 and a 200-day moving average of $37.68.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Equities research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio is presently 243.90%.

Analysts Set New Price Targets

Several brokerages have commented on DINO. Morgan Stanley decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Barclays lowered 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, March 14th. Mizuho reduced their target price on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Piper Sandler set a $46.00 price target on HF Sinclair in a report on Friday, March 7th. Finally, Wells Fargo & Company increased their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $46.50.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

HF Sinclair 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.