DDD Partners LLC Acquires 335,262 Shares of HF Sinclair Corporation (NYSE:DINO)

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

Several other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock valued at $240,026,000 after acquiring an additional 737,696 shares during the last quarter. First Trust Advisors LP boosted its holdings in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after acquiring an additional 1,096,485 shares during the period. Southeastern Asset Management Inc. TN acquired a new stake in shares of HF Sinclair in the fourth quarter valued at about $96,344,000. AQR Capital Management LLC increased its stake in shares of HF Sinclair by 61.6% in the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock worth $82,536,000 after purchasing an additional 906,225 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after purchasing an additional 1,593,875 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

NYSE:DINO traded up $0.71 during mid-day trading on Thursday, reaching $43.58. 909,262 shares of the company were exchanged, compared to its average volume of 2,567,291. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88. The stock has a market cap of $8.21 billion, a PE ratio of -56.62 and a beta of 0.93. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $39.34 and a 200 day moving average of $35.47.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The business had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. HF Sinclair's revenue was down 9.3% compared to the same quarter last year. On average, research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 4.59%. HF Sinclair's dividend payout ratio (DPR) is currently -259.74%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho raised shares of 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 report on Tuesday, May 13th. Raymond James Financial raised HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective on the stock in a report on Tuesday. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Morgan Stanley raised their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Barclays set a $43.00 target price on shares of HF Sinclair and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, HF Sinclair currently has an average rating of "Moderate Buy" and a consensus price target of $48.45.

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.