Schroder Investment Management Group Has $5.59 Million Holdings in HF Sinclair Co. (NYSE:DINO)

Schroder Investment Management Group cut its stake in shares of HF Sinclair Co. (NYSE:DINO) by 63.9% in the fourth quarter, Holdings Channel reports. The firm owned 163,287 shares of the company’s stock after selling 288,635 shares during the quarter. Schroder Investment Management Group’s holdings in HF Sinclair were worth $5,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in HF Sinclair during the fourth quarter worth about $41,317,000. Thompson Siegel & Walmsley LLC grew its stake in shares of HF Sinclair by 114.1% in the fourth 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 in the last quarter. Amundi increased its position in HF Sinclair by 132.3% during 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. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 617,218 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in HF Sinclair by 1,445.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock valued at $16,531,000 after acquiring an additional 441,116 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 6.2 %

Shares of DINO opened at $27.46 on Friday. HF Sinclair Co. has a twelve month low of $26.02 and a twelve month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $34.55 and a two-hundred day simple moving average of $38.35. The stock has a market capitalization of $5.17 billion, a P/E ratio of 33.48 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last announced 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 net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. On average, research analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.28%. HF Sinclair’s payout ratio is currently 243.90%.

Insider Activity

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DINO shares. Morgan Stanley reduced their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Mizuho cut their price target on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday. Piper Sandler set a $46.00 target price on HF Sinclair in a report on Friday, March 7th. Barclays decreased their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. 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.com, the stock presently has an average rating of “Hold” and an average target price of $46.50.

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.