Thompson Siegel & Walmsley LLC Acquires 1,126,825 Shares of HF Sinclair Co. (NYSE:DINO)

Thompson Siegel & Walmsley LLC grew its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 114.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,114,575 shares of the company’s stock after buying an additional 1,126,825 shares during the quarter. HF Sinclair accounts for about 1.2% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 21st biggest position. Thompson Siegel & Walmsley LLC owned 1.12% of HF Sinclair worth $74,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HF Sinclair during the fourth quarter worth $3,001,000. EverSource Wealth Advisors LLC lifted its holdings in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. River Road Asset Management LLC lifted its holdings in shares of HF Sinclair by 0.7% during the 4th quarter. River Road Asset Management LLC now owns 775,282 shares of the company’s stock valued at $27,174,000 after purchasing an additional 5,435 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of HF Sinclair by 5.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,700 shares of the company’s stock valued at $445,000 after purchasing an additional 600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 valued at $16,531,000 after purchasing an additional 441,116 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 10,635 shares of company stock worth $367,140. Insiders own 0.28% of the company’s stock.

HF Sinclair Stock Down 0.2 %

DINO stock opened at $31.17 on Thursday. The firm has a market cap of $5.87 billion, a PE ratio of 38.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm’s 50 day moving average price is $35.64 and its 200-day moving average price is $39.95. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS 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 analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, equities research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.42%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen reduced their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $50.73.

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.