Invesco Ltd. Has $46.17 Million Stake in HF Sinclair Co. (NYSE:DINO)

Invesco Ltd. lessened its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 51.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,317,202 shares of the company’s stock after selling 1,410,691 shares during the quarter. Invesco Ltd.’s holdings in HF Sinclair were worth $46,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC bought a new position in HF Sinclair during the fourth quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair in the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after purchasing an additional 417 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DINO shares. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Mizuho cut their price objective 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. Wells Fargo & Company raised their target price on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Barclays cut 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, Scotiabank dropped 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 report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.70.

HF Sinclair Trading Down 1.6 %

DINO stock opened at $27.40 on Wednesday. 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 firm has a market cap of $5.16 billion, a P/E ratio of 33.42 and a beta of 1.00. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.87. The business’s 50 day moving average is $32.87 and its 200-day moving average is $37.19.

HF Sinclair (NYSE:DINO) last posted its earnings results 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). 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. Equities analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared 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 was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 7.30%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

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.