Korea Investment CORP Purchases 101,100 Shares of HF Sinclair Co. (NYSE:DINO)

Korea Investment CORP raised its position in HF Sinclair Co. (NYSE:DINO) by 271.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 138,369 shares of the company’s stock after buying an additional 101,100 shares during the quarter. Korea Investment CORP’s holdings in HF Sinclair were worth $4,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after buying an additional 390 shares during the last quarter. Evergreen Private Wealth LLC lifted its position in shares of HF Sinclair by 1.5% during the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after buying an additional 392 shares during the last quarter. Finally, IFP Advisors Inc grew its position in HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after acquiring an additional 417 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on DINO. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a report on Friday, March 7th. JPMorgan Chase & Co. cut their target price on shares of 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 upped their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Morgan Stanley lowered their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and a consensus price target of $47.00.

Insiders Place Their Bets

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 bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO stock opened at $32.89 on Tuesday. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16. The company has a market cap of $6.20 billion, a P/E ratio of 40.11 and a beta of 1.13. The firm has a 50-day moving average of $34.96 and a 200-day moving average of $38.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last announced 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). 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 for the quarter, compared to the consensus estimate of $6.56 billion. Equities research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.08%. HF Sinclair’s dividend payout ratio is presently 243.90%.

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.