Mitsubishi UFJ Trust & Banking Corp Reduces Stake in HF Sinclair Co. (NYSE:DINO)

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of HF Sinclair Co. (NYSE:DINO) by 58.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,732 shares of the company’s stock after selling 105,389 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in HF Sinclair were worth $2,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC raised its holdings in HF Sinclair by 53.4% during the 3rd quarter. Cerity Partners LLC now owns 31,551 shares of the company’s stock valued at $1,406,000 after buying an additional 10,988 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of HF Sinclair by 3.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 150,580 shares of the company’s stock worth $6,711,000 after acquiring an additional 4,417 shares during the last quarter. FMR LLC boosted its stake in shares of HF Sinclair by 13.8% during the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company’s stock worth $52,023,000 after purchasing an additional 141,472 shares during the period. Townsquare Capital LLC bought a new position in HF Sinclair during the 3rd quarter valued at about $220,000. Finally, MetLife Investment Management LLC raised its position in HF Sinclair by 5.8% in the 3rd quarter. MetLife Investment Management LLC now owns 83,754 shares of the company’s stock worth $3,733,000 after purchasing an additional 4,612 shares during the period. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

DINO has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Morgan Stanley decreased their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company upped their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Barclays decreased their price objective on shares of 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, Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $47.00.

HF Sinclair Price Performance

NYSE DINO opened at $32.89 on Tuesday. The company has a market cap of $6.20 billion, a PE ratio of 40.11 and a beta of 1.13. The firm’s 50 day moving average price is $34.96 and its 200-day moving average price is $38.66. 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 52-week low of $29.85 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Sell-side analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Activity

In other news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

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.