River Road Asset Management LLC Grows Stock Position in HF Sinclair Co. (NYSE:DINO)

River Road Asset Management LLC increased its position in shares of HF Sinclair Co. (NYSE:DINO) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 775,282 shares of the company’s stock after buying an additional 5,435 shares during the quarter. River Road Asset Management LLC owned about 0.41% of HF Sinclair worth $27,174,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in HF Sinclair by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Aigen Investment Management LP acquired a new stake in HF Sinclair in the 3rd quarter valued at approximately $1,253,000. Merit Financial Group LLC acquired a new stake in HF Sinclair in the 4th quarter valued at approximately $263,000. Blue Trust Inc. increased its holdings in HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after purchasing an additional 2,655 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in HF Sinclair in the 3rd quarter valued at approximately $5,927,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov bought 5,000 shares of HF Sinclair stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 17,635 shares of company stock valued at $632,860 over the last ninety days. Insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

HF Sinclair stock opened at $31.62 on Tuesday. The stock has a market cap of $5.96 billion, a P/E ratio of 38.56 and a beta of 1.13. The company has a fifty day simple moving average of $35.80 and a 200-day simple moving average of $40.14. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

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

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.50 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.33%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. TD Cowen dropped their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Mizuho dropped their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays dropped their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.73.

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.