Cetera Investment Advisers Lowers Stake in HF Sinclair Co. (NYSE:DINO)

Cetera Investment Advisers reduced its position in HF Sinclair Co. (NYSE:DINO) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,561 shares of the company’s stock after selling 3,936 shares during the quarter. Cetera Investment Advisers’ holdings in HF Sinclair were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DINO. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock worth $240,026,000 after acquiring an additional 737,696 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after purchasing an additional 617,218 shares during the last quarter. First Trust Advisors LP raised its stake in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. AQR Capital Management LLC raised its stake in HF Sinclair by 61.6% during the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock valued at $82,536,000 after purchasing an additional 906,225 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after purchasing an additional 1,126,825 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by company insiders.

Analyst Ratings Changes

DINO has been the topic of several analyst reports. Wells Fargo & Company reduced their price objective on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Piper Sandler dropped their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Morgan Stanley lowered their price target on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Barclays lifted their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.30.

HF Sinclair Stock Up 0.4%

Shares of NYSE DINO opened at $35.58 on Friday. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $57.11. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 43.39 and a beta of 0.81. The stock has a 50 day moving average price of $31.78 and a 200 day moving average price of $35.17. 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 earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. Sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

HF Sinclair Company 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.