Point72 Asset Management L.P. Sells 1,312,739 Shares of HF Sinclair Co. (NYSE:DINO)

Point72 Asset Management L.P. reduced its position in HF Sinclair Co. (NYSE:DINO) by 95.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 67,636 shares of the company’s stock after selling 1,312,739 shares during the period. Point72 Asset Management L.P.’s holdings in HF Sinclair were worth $2,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. Point72 Hong Kong Ltd purchased a new position in shares of HF Sinclair in the fourth quarter worth about $2,278,000. ProShare Advisors LLC boosted its holdings in HF Sinclair by 5.8% in the 4th quarter. ProShare Advisors LLC now owns 7,482 shares of the company’s stock worth $262,000 after buying an additional 412 shares during the period. Quantinno Capital Management LP grew its stake in HF Sinclair by 42.7% in the 4th quarter. Quantinno Capital Management LP now owns 13,783 shares of the company’s stock valued at $483,000 after buying an additional 4,126 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock valued at $685,000 after acquiring an additional 379 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of HF Sinclair during the fourth quarter worth $744,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Down 0.6%

Shares of DINO opened at $36.15 on Wednesday. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $57.50. The company has a market capitalization of $6.81 billion, a P/E ratio of 44.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $31.64 and its 200 day simple moving average is $35.23.

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. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter last year, the company posted $0.71 EPS. The business’s quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders 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 dividend on an annualized basis and a yield of 5.53%. HF Sinclair’s payout ratio is -259.74%.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DINO shares. Wells Fargo & Company reduced their price target on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Barclays lifted their target price on HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Scotiabank decreased their price target on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Morgan Stanley cut their price objective on shares of 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, TD Cowen boosted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.30.

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.