Thrivent Financial for Lutherans Has $1.33 Million Stake in HF Sinclair Co. (NYSE:DINO)

Thrivent Financial for Lutherans reduced its holdings in HF Sinclair Co. (NYSE:DINO) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,925 shares of the company’s stock after selling 475 shares during the period. Thrivent Financial for Lutherans’ holdings in HF Sinclair were worth $1,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC increased its position 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 acquiring an additional 1,126,825 shares during the last quarter. Amundi grew its stake in 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 purchasing an additional 996,155 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HF Sinclair by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after purchasing an additional 617,218 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of HF Sinclair by 1,445.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock worth $16,531,000 after purchasing an additional 441,116 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of HF Sinclair in the 4th quarter valued at approximately $8,830,000. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DINO. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company upped their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Morgan Stanley cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Barclays lowered their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Finally, Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. 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 currently has an average rating of “Hold” and a consensus price target of $47.00.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $33.07 on Monday. The firm has a market cap of $6.23 billion, a P/E ratio of 40.33 and a beta of 1.13. The business’s 50 day moving average is $35.03 and its 200-day moving average is $38.74. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Equities research analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is 243.90%.

Insiders Place Their Bets

In related news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, for a total transaction 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 trade represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.28% of the company’s stock.

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.