Adams Asset Advisors LLC Buys 27,077 Shares of HF Sinclair Corporation (NYSE:DINO)

Adams Asset Advisors LLC grew its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,433 shares of the company's stock after acquiring an additional 27,077 shares during the quarter. HF Sinclair comprises about 1.3% of Adams Asset Advisors LLC's investment portfolio, making the stock its 25th biggest holding. Adams Asset Advisors LLC owned 0.15% of HF Sinclair worth $9,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DINO. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair in the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. purchased a new stake in HF Sinclair during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its holdings in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in HF Sinclair during the first quarter valued at approximately $35,000. Finally, UMB Bank n.a. increased its holdings in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after buying an additional 1,498 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Scotiabank lowered their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Piper Sandler lowered their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Barclays lifted their price objective on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Morgan Stanley lowered their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.70.

HF Sinclair Price Performance

Shares of DINO traded up $0.41 during mid-day trading on Friday, hitting $41.86. 5,352,997 shares of the stock were exchanged, compared to its average volume of 2,540,545. The company has a market cap of $7.89 billion, a PE ratio of -54.36 and a beta of 0.90. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $54.48. The firm has a 50-day moving average of $34.67 and a two-hundred day moving average of $34.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The company had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm's revenue was down 9.3% on a year-over-year basis. On average, equities analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is currently -259.74%.

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.