AIA Group Ltd Makes New $255,000 Investment in HF Sinclair Co. (NYSE:DINO)

AIA Group Ltd purchased a new stake in HF Sinclair Co. (NYSE:DINO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,287 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $193,197,000 after purchasing an additional 617,218 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in HF Sinclair by 114.1% during the 4th 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 in the last quarter. Amundi raised its holdings in HF Sinclair by 132.3% during the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after buying an additional 996,155 shares during the last quarter. Norges Bank bought a new position in shares of HF Sinclair in the fourth quarter valued at $41,317,000. Finally, FMR LLC grew its holdings in shares of HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company’s stock valued at $52,023,000 after buying an additional 141,472 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

NYSE DINO opened at $33.24 on Wednesday. HF Sinclair Co. has a 52-week low of $29.85 and a 52-week 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 company has a 50-day simple moving average of $34.90 and a 200 day simple moving average of $38.57. The company has a market capitalization of $6.26 billion, a PE ratio of 40.54 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business 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, research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced 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. This represents a $2.00 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Buying and Selling

In other news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now directly owns 154,065 shares of the company’s stock, 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. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DINO has been the topic of several recent research reports. TD Cowen dropped their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Piper Sandler set a $46.00 target price on HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company upped their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. JPMorgan Chase & Co. dropped their price objective 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. Finally, Mizuho reduced their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.00.

About HF Sinclair

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.