Connor Clark & Lunn Investment Management Ltd. Acquires New Position in HF Sinclair Co. (NYSE:DINO)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,619 shares of the company’s stock, valued at approximately $3,001,000.

A number of other large investors have also recently modified their holdings of the business. Amundi raised its holdings in shares of HF Sinclair by 132.3% during 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 in the last quarter. Pacer Advisors Inc. grew its position in HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after acquiring an additional 626,755 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after acquiring an additional 617,218 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of HF Sinclair by 1,445.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock worth $16,531,000 after acquiring an additional 441,116 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of HF Sinclair in the 4th quarter valued at approximately $8,830,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $33.52 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a fifty-two week low of $29.85 and a fifty-two week high of $64.16. The company has a 50 day simple moving average of $35.48 and a two-hundred day simple moving average of $39.58. The company has a market capitalization of $6.31 billion, a PE ratio of 40.87 and a beta of 1.13.

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

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio is 243.90%.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the purchase, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. This represents 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 the SEC website. Insiders have acquired a total of 10,635 shares of company stock worth $367,140 in the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

DINO has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen dropped their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report 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 report on Friday. Finally, Piper Sandler set a $46.00 price target on HF Sinclair in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $47.10.

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.