Magnetar Financial LLC Raises Holdings in HF Sinclair Co. (NYSE:DINO)

Magnetar Financial LLC grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 421.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,153 shares of the company’s stock after buying an additional 37,302 shares during the period. Magnetar Financial LLC’s holdings in HF Sinclair were worth $1,618,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DINO. Natixis Advisors LLC lifted its position in shares of HF Sinclair by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 49,384 shares of the company’s stock valued at $2,201,000 after buying an additional 3,456 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in HF Sinclair by 2.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 87,656 shares of the company’s stock worth $3,907,000 after purchasing an additional 1,840 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in HF Sinclair by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company’s stock worth $1,711,000 after purchasing an additional 1,890 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in HF Sinclair during the 3rd quarter worth about $1,095,000. Finally, Advisors Asset Management Inc. lifted its holdings in HF Sinclair by 42.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 31,171 shares of the company’s stock worth $1,389,000 after purchasing an additional 9,346 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $33.89 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.38 billion, a PE ratio of 41.33 and a beta of 1.13. The business’s 50-day moving average price is $35.43 and its 200-day moving average price is $39.39. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data 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 the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 5.90%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Insider Activity

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was 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 at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DINO. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. Mizuho dropped 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. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. decreased their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.10.

HF Sinclair 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.