Quantbot Technologies LP Buys Shares of 84,478 HF Sinclair Co. (NYSE:DINO)

Quantbot Technologies LP bought a new stake in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 84,478 shares of the company’s stock, valued at approximately $2,961,000.

Several other institutional investors also recently bought and sold shares of DINO. Thompson Siegel & Walmsley LLC boosted its stake in 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 in the last quarter. Amundi lifted its stake in shares of HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after buying an additional 996,155 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after buying an additional 617,218 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of HF Sinclair by 1,445.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock worth $16,531,000 after buying an additional 441,116 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of HF Sinclair during the fourth quarter worth $8,830,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired 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 directly owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on DINO shares. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Mizuho lowered their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. TD Cowen lowered their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Finally, Morgan Stanley reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and an average target price of $47.00.

HF Sinclair Stock Down 1.0 %

DINO opened at $33.54 on Friday. HF Sinclair Co. has a fifty-two week low of $29.85 and a fifty-two week high of $64.16. 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 company has a fifty day moving average of $35.38 and a two-hundred day moving average of $39.23. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13.

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

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 5.96%. HF Sinclair’s payout ratio is 243.90%.

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.