CX Institutional Buys New Shares in HF Sinclair Corporation (NYSE:DINO)

CX Institutional purchased a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 6,974 shares of the company's stock, valued at approximately $229,000.

Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair during the fourth quarter worth $31,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the period. UMB Bank n.a. raised its position in shares of HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after buying an additional 1,498 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted 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 valued at $56,000 after buying an additional 796 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Down 0.0%

Shares of NYSE DINO traded down $0.01 during midday trading on Wednesday, reaching $41.66. 1,256,610 shares of the stock were exchanged, compared to its average volume of 2,536,172. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $54.48. The business has a 50-day simple moving average of $33.84 and a two-hundred day simple moving average of $34.57. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of -54.06 and a beta of 0.90.

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 (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the firm earned $0.71 EPS. HF Sinclair's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.80%. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays boosted their price target on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. TD Cowen increased their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Scotiabank lowered their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley lowered their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.70.

About HF Sinclair

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.