Prudential Financial Inc. Acquires 34,729 Shares of HF Sinclair Co. (NYSE:DINO)

Prudential Financial Inc. grew its holdings in HF Sinclair Co. (NYSE:DINO) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,127 shares of the company’s stock after purchasing an additional 34,729 shares during the period. Prudential Financial Inc.’s holdings in HF Sinclair were worth $6,734,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DINO. Charles Schwab Investment Management Inc. increased its holdings in HF Sinclair by 12.6% in the 4th 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 in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of HF Sinclair by 114.1% during the 4th 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 during the last quarter. Amundi grew its stake in shares of HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after acquiring an additional 996,155 shares during the period. FMR LLC raised its holdings in shares of HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock valued at $52,023,000 after purchasing an additional 141,472 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in HF Sinclair by 21.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company’s stock valued at $38,406,000 after purchasing an additional 153,148 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DINO. JPMorgan Chase & Co. cut their target price 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. TD Cowen reduced their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company increased their target price on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Mizuho dropped their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Barclays cut their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.00.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the business’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 acquisition, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $33.07 on Monday. The firm has a market cap of $6.23 billion, a PE ratio of 40.33 and a beta of 1.13. The stock has a 50 day moving average of $35.03 and a 200 day moving average of $38.74. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business 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 fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is 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.