HF Sinclair Co. (NYSE:DINO) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in HF Sinclair Co. (NYSE:DINO) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,214,568 shares of the company’s stock after acquiring an additional 1,549,091 shares during the period. Vanguard Group Inc. owned approximately 9.58% of HF Sinclair worth $1,012,184,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of HF Sinclair in the fourth quarter valued at about $30,000. North Star Investment Management Corp. lifted its stake in shares of HF Sinclair by 4,990.9% in the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after purchasing an additional 549 shares during the period. Pingora Partners LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at about $35,000. Baystate Wealth Management LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at about $37,000. Finally, Quarry LP acquired a new stake in shares of HF Sinclair in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $53.25 on Friday. The company has a market cap of $10.23 billion, a PE ratio of 6.59 and a beta of 1.25. HF Sinclair Co. has a 12 month low of $42.00 and a 12 month high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. The company has a 50-day simple moving average of $55.48 and a 200-day simple moving average of $56.46.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 earnings per share. On average, equities analysts anticipate that HF Sinclair Co. will post 5.6 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.76%. HF Sinclair’s payout ratio is 24.75%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the purchase, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays assumed coverage on shares of HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. Wells Fargo & Company cut their target price on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Mizuho cut their target price on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.75.

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.