D.A. Davidson & CO. Makes New Investment in HF Sinclair Corporation (NYSE:DINO)

D.A. Davidson & CO. purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,202 shares of the company's stock, valued at approximately $237,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in HF Sinclair in the fourth quarter valued at about $31,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 327 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in HF Sinclair in the first quarter worth about $35,000. Finally, UMB Bank n.a. boosted its holdings in 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 acquiring an additional 1,498 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Down 1.9%

Shares of DINO opened at $45.15 on Friday. The firm has a market cap of $8.51 billion, a P/E ratio of -58.64 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 company's 50-day moving average price is $38.67 and its 200 day moving average price is $35.27. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $52.88.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. The business 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%. The business's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. On average, sell-side analysts forecast that HF Sinclair Corporation 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. Stockholders of record on Thursday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DINO shares. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and upped their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Piper Sandler reduced their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Barclays set a $43.00 price target on shares of HF Sinclair and gave the stock an "equal weight" rating in a research report on Wednesday. TD Cowen raised their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley dropped their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Five 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 company currently has an average rating of "Moderate Buy" and an average price target of $46.00.

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.

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