RWC Asset Management LLP Takes Position in HF Sinclair Co. (NYSE:DINO)

RWC Asset Management LLP bought a new position in HF Sinclair Co. (NYSE:DINO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,472 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of HF Sinclair by 20.1% during the 3rd quarter. Creative Planning now owns 56,938 shares of the company’s stock worth $2,538,000 after acquiring an additional 9,519 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in HF Sinclair by 43.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 35,304 shares of the company’s stock valued at $1,573,000 after purchasing an additional 10,750 shares in the last quarter. Signaturefd LLC lifted its position in HF Sinclair by 10.1% during the third quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock valued at $191,000 after purchasing an additional 392 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of HF Sinclair in the 3rd quarter worth $344,000. Finally, Mediolanum International Funds Ltd increased its holdings in shares of HF Sinclair by 4.8% in the 3rd quarter. Mediolanum International Funds Ltd now owns 12,798 shares of the company’s stock worth $579,000 after buying an additional 591 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Mizuho lowered their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. TD Cowen dropped 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, Barclays reduced their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.00.

Insider Activity

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

HF Sinclair Trading Down 3.0 %

Shares of DINO opened at $36.32 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 44.29 and a beta of 1.22. The company has a 50-day moving average of $35.99 and a 200 day moving average of $41.21. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) 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 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, March 6th. 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.