ExodusPoint Capital Management LP Has $4.52 Million Position in HF Sinclair Co. (NYSE:DINO)

ExodusPoint Capital Management LP trimmed its holdings in HF Sinclair Co. (NYSE:DINO - Get Rating) by 89.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,119 shares of the company's stock after selling 720,757 shares during the quarter. ExodusPoint Capital Management LP's holdings in HF Sinclair were worth $4,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Red Tortoise LLC acquired a new position in HF Sinclair during the 4th quarter worth approximately $25,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of HF Sinclair in the 4th quarter worth $26,000. Gladius Capital Management LP acquired a new stake in HF Sinclair in the 4th quarter valued at $33,000. Parkside Financial Bank & Trust bought a new stake in HF Sinclair during the 1st quarter valued at $36,000. Finally, Lansing Street Advisors bought a new stake in HF Sinclair during the 4th quarter valued at $46,000. Institutional investors own 87.69% of the company's stock.

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of HF Sinclair from an "equal weight" rating to an "overweight" rating and set a $55.00 price objective for the company in a report on Thursday, March 16th. UBS Group began coverage on HF Sinclair in a research note on Wednesday, March 8th. They issued a "neutral" rating and a $58.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on HF Sinclair from $55.00 to $58.00 and gave the company a "neutral" rating in a research report on Tuesday, March 28th. TD Cowen lowered their price target on HF Sinclair from $50.00 to $44.00 and set a "market perform" rating for the company in a research report on Friday, May 5th. Finally, Piper Sandler cut their price objective on shares of HF Sinclair from $73.00 to $59.00 in a report on Thursday, May 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.33.

In other news, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $47.59, for a total value of $190,360,000.00. Following the completion of the transaction, the insider now owns 34,853,483 shares in the company, valued at $1,658,677,255.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Carol Orme Holding sold 4,000,000 shares of the firm's stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $47.59, for a total value of $190,360,000.00. Following the completion of the transaction, the insider now directly owns 34,853,483 shares of the company's stock, valued at $1,658,677,255.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Jennings sold 50,000 shares of the business's stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total value of $2,553,000.00. Following the sale, the chief executive officer now owns 182,859 shares in the company, valued at $9,336,780.54. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

NYSE DINO opened at $43.11 on Tuesday. The company has a market capitalization of $8.29 billion, a PE ratio of 2.95, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 2.10. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $66.19. The company has a 50-day simple moving average of $43.68 and a 200 day simple moving average of $49.79.

HF Sinclair (NYSE:DINO - Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.52. HF Sinclair had a net margin of 8.13% and a return on equity of 32.56%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same quarter last year, the business posted $0.99 EPS. HF Sinclair's quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts predict that HF Sinclair Co. will post 7.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.18%. HF Sinclair's dividend payout ratio is presently 12.34%.

HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.

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