Nordea Investment Management AB Purchases 27,733 Shares of HF Sinclair Co. (NYSE:DINO)

Nordea Investment Management AB boosted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,675 shares of the company’s stock after acquiring an additional 27,733 shares during the period. Nordea Investment Management AB owned about 0.15% of HF Sinclair worth $9,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DINO. Pacer Advisors Inc. increased its holdings in HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after buying an additional 2,868,273 shares during the period. AQR Capital Management LLC lifted its stake in shares of HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Squarepoint Ops LLC boosted its position in HF Sinclair by 90.2% during the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock valued at $45,315,000 after purchasing an additional 402,793 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in HF Sinclair in the second quarter worth about $12,001,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,000 shares of company stock valued at $628,370. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Stock Up 1.1 %

DINO stock opened at $34.74 on Friday. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm’s fifty day moving average is $38.50 and its 200 day moving average is $44.17. The firm has a market cap of $6.54 billion, a PE ratio of 21.44 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.06 EPS. On average, research analysts forecast that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.76%. HF Sinclair’s dividend payout ratio is currently 123.46%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DINO shares. TD Cowen reduced their price objective 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. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Piper Sandler dropped their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Mizuho decreased their price target 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.45.

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.