HF Sinclair Co. (NYSE:DINO) Shares Acquired by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its position in HF Sinclair Co. (NYSE:DINO) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,023 shares of the company’s stock after acquiring an additional 379 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in HF Sinclair were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DINO. Balyasny Asset Management L.P. lifted its holdings in shares of HF Sinclair by 645.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock valued at $64,525,000 after buying an additional 1,593,875 shares during the period. Norges Bank acquired a new stake in shares of HF Sinclair in the fourth quarter valued at $41,317,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after buying an additional 1,126,825 shares during the period. First Trust Advisors LP lifted its holdings in shares of HF Sinclair by 53.7% in the fourth 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 period. Finally, Amundi lifted its holdings in shares of HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after buying an additional 996,155 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Down 1.7%

NYSE:DINO opened at $36.61 on Monday. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 44.65 and a beta of 0.81. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.48. 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 business’s fifty day moving average price is $31.43 and its 200 day moving average price is $35.24.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results 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 analyst estimates of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. HF Sinclair’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, sell-side analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s payout ratio is -259.74%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on DINO shares. Mizuho upgraded HF Sinclair from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Morgan Stanley cut their target price on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Piper Sandler cut their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Scotiabank cut their target price 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. Finally, Wells Fargo & Company cut their target price on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.30.

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.