Bank of New York Mellon Corp Has $40.14 Million Holdings in HF Sinclair Corporation (NYSE:DINO)

Bank of New York Mellon Corp decreased its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,220,801 shares of the company's stock after selling 157,823 shares during the quarter. Bank of New York Mellon Corp owned 0.65% of HF Sinclair worth $40,140,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $819,000. Raymond James Financial Inc. bought a new position in shares of HF Sinclair in the 4th quarter valued at about $8,830,000. Daiwa Securities Group Inc. boosted its stake in HF Sinclair by 5.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,700 shares of the company's stock worth $445,000 after acquiring an additional 600 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after acquiring an additional 327 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in HF Sinclair during the 4th quarter worth approximately $3,001,000. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

DINO traded down $1.39 on Wednesday, hitting $42.88. 2,180,986 shares of the stock were exchanged, compared to its average volume of 2,573,659. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of -55.68 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 business has a 50-day moving average of $39.34 and a two-hundred day moving average of $35.47.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its 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. The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Sell-side analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -259.74%.

Analysts Set New Price Targets

DINO has been the topic of several research analyst reports. Piper Sandler raised their target price on shares of HF Sinclair from $43.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday. Barclays set a $43.00 price objective on shares of HF Sinclair and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Raymond James Financial upgraded shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price on the stock in a report on Tuesday. Scotiabank boosted their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. Finally, Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.45.

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.