HF Sinclair Co. (NYSE:DINO) Shares Sold by GTS Securities LLC

GTS Securities LLC reduced its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 56.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,265 shares of the company's stock after selling 55,794 shares during the quarter. GTS Securities LLC's holdings in HF Sinclair were worth $1,481,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in HF Sinclair during the fourth quarter worth $31,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased 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 buying an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after buying an additional 558 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in shares of HF Sinclair by 98.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after buying an additional 796 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Down 0.7%

Shares of HF Sinclair stock traded down $0.25 during trading on Thursday, hitting $35.85. 1,132,076 shares of the stock were exchanged, compared to its average volume of 2,486,230. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 43.76 and a beta of 0.81. The firm's 50-day moving average price is $31.91 and its 200 day moving average price is $35.05. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $55.77.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analysts Set New Price Targets

DINO has been the subject of several research reports. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Morgan Stanley dropped their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Scotiabank reduced their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company dropped their target price on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler reduced their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and an average price target 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.