Magnetar Financial LLC Grows Stake in HF Sinclair Co. (NYSE:DINO)

Magnetar Financial LLC grew its holdings in HF Sinclair Co. (NYSE:DINO) by 421.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,153 shares of the company’s stock after acquiring 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 quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in HF Sinclair by 8.1% in the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after buying an additional 626,755 shares during the period. Charles Schwab Investment Management Inc. lifted 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 during the period. Thompson Siegel & Walmsley LLC lifted its holdings in HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after buying an additional 1,126,825 shares during the period. Amundi lifted its holdings in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after buying an additional 996,155 shares during the period. Finally, FMR LLC lifted its holdings in HF Sinclair by 13.8% in the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after buying an additional 141,472 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DINO. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Barclays lowered their target price 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. Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Morgan Stanley lowered their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Finally, Mizuho lowered their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. 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.com, HF Sinclair presently has an average rating of “Hold” and an average target price of $47.10.

HF Sinclair Stock Performance

Shares of DINO opened at $33.89 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a one year low of $29.85 and a one year high of $64.16. The firm has a market capitalization of $6.38 billion, a P/E ratio of 41.33 and a beta of 1.13. The business has a fifty day moving average of $35.43 and a 200 day moving average of $39.39.

HF Sinclair (NYSE:DINO) last issued 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given 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 yield of 5.90%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the 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 completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is 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.