CWA Asset Management Group LLC Makes New Investment in HF Sinclair Corporation (NYSE:DINO)

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

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock valued at $240,026,000 after purchasing an additional 737,696 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in HF Sinclair by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after purchasing an additional 617,218 shares in the last quarter. First Trust Advisors LP increased its holdings in HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. Southeastern Asset Management Inc. TN acquired a new stake in HF Sinclair during the 4th quarter valued at $96,344,000. Finally, AQR Capital Management LLC increased its holdings in HF Sinclair by 61.6% during the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock valued at $82,536,000 after purchasing an additional 906,225 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DINO shares. Wells Fargo & Company raised their price target on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. 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 note on Friday, April 11th. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Barclays raised their price target on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Morgan Stanley reduced their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.70.

HF Sinclair Stock Up 1.0%

Shares of NYSE:DINO traded up $0.41 during midday trading on Friday, reaching $41.86. The company had a trading volume of 5,352,997 shares, compared to its average volume of 2,540,545. 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 business's 50 day moving average price is $34.67 and its 200 day moving average price is $34.56. The stock 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 1-year low of $24.66 and a 1-year high of $54.48.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The business had revenue of $6.37 billion for 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%. HF Sinclair's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. Research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders 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 4.78%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) 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.