Bank of America Corp DE Has $25.06 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Bank of America Corp DE lowered its position in shares of HF Sinclair Co. (NYSE:DINO) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 714,858 shares of the company’s stock after selling 47,547 shares during the quarter. Bank of America Corp DE owned 0.38% of HF Sinclair worth $25,056,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Alyeska Investment Group L.P. grew its holdings in shares of HF Sinclair by 8.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 441,178 shares of the company’s stock valued at $15,463,000 after acquiring an additional 33,219 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in HF Sinclair by 69.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,475 shares of the company’s stock valued at $648,000 after purchasing an additional 7,604 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in HF Sinclair in the fourth quarter valued at approximately $150,000. Schonfeld Strategic Advisors LLC increased its position in shares of HF Sinclair by 742.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 121,295 shares of the company’s stock worth $4,251,000 after purchasing an additional 106,895 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of HF Sinclair by 61.6% during the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock worth $82,536,000 after purchasing an additional 906,225 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The stock was bought 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 owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO stock opened at $36.61 on Monday. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $58.48. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 44.65 and a beta of 0.81. The company has a 50-day simple moving average of $31.43 and a 200 day simple moving average of $35.24. 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 issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio is -259.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Piper Sandler cut their price objective on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Wells Fargo & Company cut their price target on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Scotiabank dropped their target price on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, TD Cowen lifted their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and an average price target of $43.30.

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.