GoalVest Advisory LLC Makes New Investment in HF Sinclair Co. (NYSE:DINO)

GoalVest Advisory LLC purchased a new position in HF Sinclair Co. (NYSE:DINO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,200 shares of the company's stock, valued at approximately $368,000.

A number of other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in shares of HF Sinclair by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after purchasing an additional 379 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock valued at $2,253,000 after purchasing an additional 390 shares during the period. Evergreen Private Wealth LLC grew its position 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 period. Finally, ProShare Advisors LLC grew its position in shares of HF Sinclair by 5.8% in 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 during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Up 4.4%

Shares of DINO traded up $1.55 during mid-day trading on Tuesday, reaching $37.15. The company's stock had a trading volume of 767,667 shares, compared to its average volume of 3,147,638. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 45.30 and a beta of 0.81. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $54.48. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $32.08 and a 200 day moving average of $34.82.

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

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of recent analyst reports. Scotiabank lowered their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. 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 report on Monday, May 12th. Piper Sandler lowered 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 lowered their price target on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, Mizuho raised 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.30.

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.