Bryce Point Capital LLC Has $955,000 Stock Holdings in HF Sinclair Corporation (NYSE:DINO)

Key Points

• Bryce Point Capital LLC reduced its stake in HF Sinclair Corporation by 57.9%, selling 36,441 shares and holding 26,524 shares, which now represent 0.7% of its total portfolio.
• HF Sinclair's stock price declined by 1.6%, with a recent trading value of $43.16 and a market cap of $8.13 billion.
• The company reported a quarterly loss of ($0.27) earnings per share, exceeding the consensus estimate, alongside a revenue decrease of 9.3% year-over-year.

Bryce Point Capital LLC reduced its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 57.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 26,524 shares of the company's stock after selling 36,441 shares during the quarter. HF Sinclair makes up 0.7% of Bryce Point Capital LLC's portfolio, making the stock its 23rd biggest position. Bryce Point Capital LLC's holdings in HF Sinclair were worth $955,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. LPL Financial LLC increased its holdings in shares of HF Sinclair by 10.4% in the 1st quarter. LPL Financial LLC now owns 118,087 shares of the company's stock worth $3,883,000 after acquiring an additional 11,137 shares during the period. RWC Asset Management LLP increased its holdings in shares of HF Sinclair by 553.7% in the 1st quarter. RWC Asset Management LLP now owns 61,922 shares of the company's stock worth $2,036,000 after acquiring an additional 52,450 shares during the period. Assetmark Inc. raised its position in shares of HF Sinclair by 9.8% during the 1st quarter. Assetmark Inc. now owns 101,884 shares of the company's stock worth $3,350,000 after buying an additional 9,079 shares in the last quarter. Cetera Investment Advisers raised its position in shares of HF Sinclair by 240.8% during the 1st quarter. Cetera Investment Advisers now owns 97,338 shares of the company's stock worth $3,200,000 after buying an additional 68,777 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC raised its position in shares of HF Sinclair by 23.0% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 48,275 shares of the company's stock worth $1,587,000 after buying an additional 9,016 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analysts Set New Price Targets

DINO has been the topic of a number of recent analyst reports. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Scotiabank lifted their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Barclays lifted their price objective on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.27.

HF Sinclair Stock Up 0.7%

NYSE DINO traded up $0.31 during trading on Thursday, reaching $43.74. The company's stock had a trading volume of 2,104,933 shares, compared to its average volume of 2,966,493. The business has a 50-day moving average price of $41.03 and a 200-day moving average price of $36.12. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $52.88. The stock has a market capitalization of $8.24 billion, a PE ratio of -56.79 and a beta of 0.93.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $6.72 billion. During the same period in the previous year, the company earned $0.71 earnings per share. HF Sinclair's revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is currently -259.74%.

HF Sinclair Company 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.