DDD Partners LLC Increases Holdings in HF Sinclair Corporation (NYSE:DINO)

DDD Partners LLC lifted its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 185.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,024 shares of the company's stock after buying an additional 335,262 shares during the period. HF Sinclair comprises about 2.1% of DDD Partners LLC's investment portfolio, making the stock its 22nd largest holding. DDD Partners LLC owned 0.27% of HF Sinclair worth $16,967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS boosted its position in shares of HF Sinclair by 15.0% during the first quarter. Kornitzer Capital Management Inc. KS now owns 497,971 shares of the company's stock worth $16,373,000 after buying an additional 64,816 shares during the period. Whittier Trust Co. boosted its position in HF Sinclair by 5.0% during the first quarter. Whittier Trust Co. now owns 193,550 shares of the company's stock valued at $6,364,000 after purchasing an additional 9,302 shares during the last quarter. Poehling Capital Management INC. raised its stake in HF Sinclair by 4.7% in the first quarter. Poehling Capital Management INC. now owns 67,185 shares of the company's stock valued at $2,209,000 after buying an additional 3,030 shares during the period. Evergreen Private Wealth LLC boosted its stake in shares of HF Sinclair by 10.9% during the 1st quarter. Evergreen Private Wealth LLC now owns 29,678 shares of the company's stock worth $976,000 after acquiring an additional 2,924 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of HF Sinclair by 53.3% during the 1st quarter. Signaturefd LLC now owns 3,989 shares of the company's stock worth $131,000 after acquiring an additional 1,387 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

DINO stock traded up $0.19 during midday trading on Friday, hitting $43.91. The company's stock had a trading volume of 713,416 shares, compared to its average volume of 2,567,349. The stock's 50-day moving average price is $39.53 and its 200 day moving average price is $35.53. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $52.88. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of -57.15 and a beta of 0.93.

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, topping 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 for the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business's revenue was down 9.3% on a year-over-year basis. On average, equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.55%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DINO shares. Piper Sandler lifted their target price on HF Sinclair from $43.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday. Scotiabank raised their price objective on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their target price on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Finally, Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and an average price target of $48.45.

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.