Kennedy Capital Management LLC Sells 2,997 Shares of HF Sinclair Co. (NYSE:DINO)

Kennedy Capital Management LLC lowered its stake in HF Sinclair Co. (NYSE:DINO) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,547 shares of the company’s stock after selling 2,997 shares during the period. Kennedy Capital Management LLC’s holdings in HF Sinclair were worth $2,689,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in HF Sinclair by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after buying an additional 1,549,091 shares in the last quarter. Norges Bank acquired a new position in HF Sinclair during the 4th quarter worth approximately $65,774,000. KBC Group NV lifted its stake in HF Sinclair by 537.0% in the 4th quarter. KBC Group NV now owns 357,929 shares of the company’s stock valued at $19,890,000 after purchasing an additional 301,742 shares during the last quarter. UBS Group AG grew its stake in shares of HF Sinclair by 66.6% during the fourth quarter. UBS Group AG now owns 689,061 shares of the company’s stock worth $38,291,000 after buying an additional 275,382 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of HF Sinclair by 76.1% during the fourth quarter. Schroder Investment Management Group now owns 561,344 shares of the company’s stock worth $31,194,000 after buying an additional 242,617 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity

In related news, Director Franklin Myers purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average cost of $57.37 per share, with a total value of $372,905.00. Following the acquisition, the director now owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DINO. Wolfe Research assumed coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Mizuho dropped their price target on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Barclays cut their price target on HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Scotiabank lifted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company dropped their price target on HF Sinclair from $75.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

HF Sinclair Stock Up 1.3 %

Shares of NYSE DINO traded up $0.65 during trading on Wednesday, hitting $52.16. The stock had a trading volume of 269,763 shares, compared to its average volume of 1,967,991. The firm has a fifty day moving average of $52.04 and a two-hundred day moving average of $55.66. The company has a market capitalization of $10.02 billion, a PE ratio of 6.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. HF Sinclair Co. has a 12 month low of $47.09 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the prior year, the firm posted $2.00 EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that HF Sinclair Co. will post 3.85 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

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.