Aviance Capital Partners LLC Acquires 25,658 Shares of HF Sinclair Corporation (NYSE:DINO)

Aviance Capital Partners LLC grew its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 82.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,897 shares of the company's stock after acquiring an additional 25,658 shares during the quarter. Aviance Capital Partners LLC's holdings in HF Sinclair were worth $1,871,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its holdings in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the period. Byrne Asset Management LLC bought a new position in shares of HF Sinclair in the 1st quarter worth approximately $35,000. Finally, UMB Bank n.a. lifted its stake in shares of HF Sinclair by 2,202.9% in the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after purchasing an additional 1,498 shares during the period. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DINO shares. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Scotiabank cut their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. TD Cowen upped their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Piper Sandler reduced their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company upped their price target on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus price target of $43.70.

HF Sinclair Price Performance

NYSE DINO traded up $0.15 on Monday, reaching $44.31. The company had a trading volume of 2,817,315 shares, compared to its average volume of 2,563,980. The stock has a market capitalization of $8.35 billion, a PE ratio of -57.55 and a beta of 0.93. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. The firm's 50 day moving average price is $37.26 and its 200 day moving average price is $34.90.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The business had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business's revenue was down 9.3% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Thursday, May 15th. HF Sinclair's payout ratio is presently -259.74%.

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.