Cwm LLC Boosts Stake in HF Sinclair Corporation (NYSE:DINO)

CWM LLC raised its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 126.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,212 shares of the company's stock after acquiring an additional 35,286 shares during the quarter. CWM LLC's holdings in HF Sinclair were worth $2,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in 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 last quarter. Nissay Asset Management Corp Japan ADV increased its stake in HF Sinclair by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after acquiring an additional 379 shares during the last quarter. Bank & Trust Co increased its stake in HF Sinclair by 8.7% during the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after acquiring an additional 389 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in HF Sinclair by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock worth $1,473,000 after acquiring an additional 400 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in HF Sinclair by 5.8% during the fourth quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock worth $262,000 after acquiring an additional 412 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on DINO. Morgan Stanley raised their target price on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday. Piper Sandler raised their price target on HF Sinclair from $43.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday. Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price target for the company in a research report on Tuesday. 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. Finally, Scotiabank raised their price target on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.45.

HF Sinclair Stock Up 0.5%

DINO traded up $0.21 on Friday, hitting $43.93. 2,456,894 shares of the company were exchanged, compared to its average volume of 2,582,146. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $52.88. The company has a market cap of $8.28 billion, a price-to-earnings ratio of -57.05 and a beta of 0.93. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $39.72 and a two-hundred day moving average price of $35.59.

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

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is -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.