KLP Kapitalforvaltning AS Makes New Investment in HF Sinclair Co. (NYSE:DINO)

KLP Kapitalforvaltning AS bought a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 200,600 shares of the company’s stock, valued at approximately $7,031,000. KLP Kapitalforvaltning AS owned approximately 0.11% of HF Sinclair at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC lifted its holdings in shares of HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after purchasing an additional 1,126,825 shares during the last quarter. Amundi increased its position in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after buying an additional 996,155 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $193,197,000 after buying an additional 617,218 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in HF Sinclair by 1,445.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company’s stock worth $16,531,000 after acquiring an additional 441,116 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of HF Sinclair in the fourth quarter worth $8,830,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

NYSE DINO opened at $33.16 on Tuesday. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 40.44 and a beta of 1.13. HF Sinclair Co. has a 1-year low of $29.85 and a 1-year high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business’s fifty day moving average price is $35.30 and its 200-day moving average price is $39.08.

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 analysts’ consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, equities analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DINO shares. Mizuho dropped their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of 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 cut their price target on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. 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, Wells Fargo & Company increased their target price on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.00.

HF Sinclair 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.