Amundi Purchases 996,155 Shares of HF Sinclair Co. (NYSE:DINO)

Amundi lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 132.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,748,994 shares of the company’s stock after buying an additional 996,155 shares during the period. Amundi’s holdings in HF Sinclair were worth $61,025,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in HF Sinclair during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair during the 4th quarter worth approximately $27,000. Millburn Ridgefield Corp acquired a new position in HF Sinclair during the 3rd quarter worth approximately $50,000. Coastline Trust Co acquired a new position in HF Sinclair during the 3rd quarter worth approximately $55,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in HF Sinclair during the 3rd quarter worth approximately $59,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of research analyst reports. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research report on Friday. 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 report on Tuesday, December 10th. Mizuho decreased their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Finally, Barclays decreased their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and an average price target of $50.73.

HF Sinclair Trading Down 1.0 %

DINO opened at $31.26 on Wednesday. HF Sinclair Co. has a twelve month low of $29.85 and a twelve month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $35.72 and a 200-day moving average of $40.02. The stock has a market cap of $5.89 billion, a PE ratio of 38.13 and a beta of 1.13.

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 analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 17,635 shares of company stock valued at $632,860. Corporate 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.