GAMMA Investing LLC Boosts Position in HF Sinclair Co. (NYSE:DINO)

GAMMA Investing LLC raised its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 8,198.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,875 shares of the company's stock after buying an additional 145,105 shares during the period. GAMMA Investing LLC owned about 0.08% of HF Sinclair worth $4,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after acquiring an additional 379 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in shares of HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock valued at $938,000 after purchasing an additional 392 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of HF Sinclair by 5.8% during the fourth quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock valued at $262,000 after purchasing an additional 412 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after purchasing an additional 417 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on DINO. Morgan Stanley decreased their price objective 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. Piper Sandler decreased their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company lifted their price target on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday. Barclays upped their price objective 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. Finally, Scotiabank lowered their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair presently has an average rating of "Moderate Buy" and a consensus target price of $43.70.

HF Sinclair Stock Performance

Shares of DINO stock traded up $0.44 on Friday, hitting $39.08. 1,755,491 shares of the stock were exchanged, compared to its average volume of 2,526,864. The firm's 50 day moving average is $33.28 and its two-hundred day moving average is $34.61. HF Sinclair Co. has a one year low of $24.66 and a one year high of $54.48. The firm has a market capitalization of $7.36 billion, a PE ratio of 47.66 and a beta of 0.90. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the business earned $0.71 earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors 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 dividend on an annualized basis and a yield of 5.12%. HF Sinclair's dividend payout ratio is -259.74%.

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.