Northern Trust Corp Buys 141,502 Shares of HF Sinclair Co. (NYSE:DINO)

Northern Trust Corp grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 8.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,725,679 shares of the company’s stock after acquiring an additional 141,502 shares during the period. Northern Trust Corp’s holdings in HF Sinclair were worth $60,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in HF Sinclair by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock valued at $240,026,000 after purchasing an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $193,197,000 after buying an additional 617,218 shares during the period. First Trust Advisors LP lifted its position in shares of HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after buying an additional 1,096,485 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after acquiring an additional 1,126,825 shares during the period. Finally, Amundi increased its holdings in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after acquiring an additional 996,155 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Down 0.1 %

DINO stock opened at $32.67 on Wednesday. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 39.84 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $30.92 and its 200 day moving average is $35.66.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. Sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 6.12%. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

Analyst Ratings Changes

DINO has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Barclays cut their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Scotiabank lowered 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. TD Cowen raised 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. Finally, Piper Sandler reduced their price target on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, HF Sinclair has an average rating of “Hold” and an average price target of $42.30.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by insiders.

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.