Martingale Asset Management L P Has $784,000 Holdings in HF Sinclair Co. (NYSE:DINO)

Martingale Asset Management L P trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 88.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,362 shares of the company’s stock after selling 164,753 shares during the period. Martingale Asset Management L P’s holdings in HF Sinclair were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Amundi grew its holdings in HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after purchasing an additional 996,155 shares during the period. Aigen Investment Management LP increased its position in HF Sinclair by 124.9% during the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock worth $2,216,000 after buying an additional 35,121 shares during the last quarter. Merit Financial Group LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $263,000. Finally, Blue Trust Inc. lifted its position in shares of HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after buying an additional 2,655 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Franklin Myers purchased 5,000 shares of the business’s 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 acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

DINO has been the topic of a number of recent analyst reports. TD Cowen decreased 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. Morgan Stanley decreased their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Scotiabank reduced their target price on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a report on Friday. Finally, Mizuho lowered their price target on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.70.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $27.73 on Friday. The company has a 50-day simple moving average of $33.26 and a two-hundred day simple moving average of $37.44. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $61.51. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 33.81 and a beta of 1.00. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released 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). The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business 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. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.21%. HF Sinclair’s payout ratio is 243.90%.

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.