Wells Fargo & Company MN Purchases 6,162 Shares of HF Sinclair Co. (NYSE:DINO)

Wells Fargo & Company MN raised its position in HF Sinclair Co. (NYSE:DINO) by 2.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 246,732 shares of the company’s stock after buying an additional 6,162 shares during the quarter. Wells Fargo & Company MN’s holdings in HF Sinclair were worth $8,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DINO. Prudential PLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at $353,000. ExodusPoint Capital Management LP acquired a new stake in HF Sinclair in the fourth quarter valued at about $14,580,000. Bryce Point Capital LLC bought a new position in HF Sinclair in the fourth quarter valued at about $2,207,000. Trexquant Investment LP raised its stake in HF Sinclair by 294.1% during the fourth quarter. Trexquant Investment LP now owns 223,601 shares of the company’s stock worth $7,837,000 after acquiring an additional 166,866 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of HF Sinclair in the fourth quarter worth about $88,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $29.02 on Friday. The company has a market cap of $5.47 billion, a P/E ratio of 35.39 and a beta of 1.00. 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 business has a 50-day moving average price of $32.53 and a two-hundred day moving average price of $37.02. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.89%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DINO shares. Scotiabank decreased their target price on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company boosted their price objective on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Mizuho dropped their target price on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Barclays lowered their price objective on HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Morgan Stanley cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair has an average rating of “Hold” and an average target price of $45.10.

Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by company insiders.

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.