CX Institutional Takes $229,000 Position in HF Sinclair Co. (NYSE:DINO)

CX Institutional bought a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,974 shares of the company's stock, valued at approximately $229,000.

Other hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair in the fourth quarter worth $32,000. EverSource Wealth Advisors LLC increased its stake in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after buying an additional 327 shares during the last quarter. UMB Bank n.a. increased its stake in shares of HF Sinclair by 2,202.9% in the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after buying an additional 1,498 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of HF Sinclair by 98.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after buying an additional 796 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on DINO. TD Cowen boosted their target price 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. Morgan Stanley lowered their target price 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. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday. Scotiabank lowered their target price on shares of 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. Finally, Barclays boosted their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.70.

HF Sinclair Price Performance

DINO traded up $0.44 on Friday, reaching $39.08. The company had a trading volume of 1,755,491 shares, compared to its average volume of 2,531,215. HF Sinclair Co. has a one year low of $24.66 and a one year high of $54.48. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $33.28 and a 200-day moving average of $34.57. The company has a market capitalization of $7.36 billion, a P/E ratio of 47.66 and a beta of 0.90.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the firm posted $0.71 EPS. The business's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio 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.