RWC Asset Management LLP Purchases Shares of 9,472 HF Sinclair Co. (NYSE:DINO)

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

Several other large investors have also recently modified their holdings of DINO. Capital Performance Advisors LLP purchased a new position in HF Sinclair in the third quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new position in HF Sinclair during the 4th quarter worth $27,000. Millburn Ridgefield Corp purchased a new position in HF Sinclair during the 3rd quarter worth $50,000. Coastline Trust Co acquired a new position in HF Sinclair during the 3rd quarter valued at about $55,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in HF Sinclair in the third quarter valued at about $59,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 3.0 %

Shares of HF Sinclair stock opened at $36.32 on Monday. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16. 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 stock has a market cap of $6.83 billion, a P/E ratio of 44.29 and a beta of 1.22. The stock’s 50 day simple moving average is $35.99 and its 200-day simple moving average is $41.21.

HF Sinclair (NYSE:DINO) last issued its 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). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is currently 243.90%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DINO. Barclays cut their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Mizuho cut 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 decreased their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average target price of $51.00.

Insiders Place Their Bets

In other HF Sinclair news, CFO Atanas H. Atanasov bought 5,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $33.77 per share, with a total value of $168,850.00. Following the completion of the purchase, the chief financial officer now directly owns 78,927 shares in the company, valued at $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by insiders.

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.