12,804 Shares in HF Sinclair Corporation (NYSE:DINO) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,804 shares of the company's stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DINO. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth about $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of HF Sinclair by 53.9% during the fourth 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 period. Byrne Asset Management LLC bought a new position in HF Sinclair during the 1st quarter worth $35,000. Finally, UMB Bank n.a. boosted its holdings in HF Sinclair by 2,202.9% in the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after purchasing an additional 1,498 shares during the period. Institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and raised their target price for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Scotiabank lowered their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. TD Cowen upped their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their target price on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Finally, Morgan Stanley decreased their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.70.

HF Sinclair Stock Down 0.4%

HF Sinclair stock traded down $0.16 during midday trading on Wednesday, hitting $40.91. 2,319,599 shares of the stock were exchanged, compared to its average volume of 2,550,379. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $54.48. The business's 50-day moving average price is $35.20 and its 200-day moving average price is $34.62. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share 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 company had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -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.