DnB Asset Management AS Purchases 1,622 Shares of HF Sinclair Co. (NYSE:DINO)

DnB Asset Management AS lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,850 shares of the company’s stock after purchasing an additional 1,622 shares during the period. DnB Asset Management AS’s holdings in HF Sinclair were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in HF Sinclair during the 4th quarter worth approximately $41,317,000. Easterly Investment Partners LLC raised its stake in shares of HF Sinclair by 14.7% during the fourth quarter. Easterly Investment Partners LLC now owns 35,213 shares of the company’s stock valued at $1,234,000 after acquiring an additional 4,522 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in shares of HF Sinclair by 27.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 18,200 shares of the company’s stock worth $638,000 after purchasing an additional 3,915 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings 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. Finally, Korea Investment CORP grew its stake in shares of HF Sinclair by 271.3% in the fourth quarter. Korea Investment CORP now owns 138,369 shares of the company’s stock worth $4,850,000 after purchasing an additional 101,100 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Up 1.1 %

NYSE:DINO opened at $33.24 on Wednesday. The firm has a fifty day simple moving average of $34.90 and a two-hundred day simple moving average of $38.57. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 40.54 and a beta of 1.13. 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 issued its earnings results on Thursday, February 20th. The company reported ($1.02) EPS 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 firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. Analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased 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 owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler set a $46.00 target price on HF Sinclair in a report on Friday, March 7th. TD Cowen reduced their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Barclays lowered their price target on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $47.00.

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.