Hara Capital LLC Acquires 54,009 Shares of HF Sinclair Corporation (NYSE:DINO)

Hara Capital LLC lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 1,550.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,492 shares of the company's stock after purchasing an additional 54,009 shares during the period. HF Sinclair accounts for about 1.3% of Hara Capital LLC's portfolio, making the stock its 19th largest holding. Hara Capital LLC's holdings in HF Sinclair were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Southeastern Asset Management Inc. TN purchased a new stake in HF Sinclair during the 4th quarter worth about $96,344,000. Balyasny Asset Management L.P. grew its stake in 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 buying an additional 1,593,875 shares during the last quarter. Norges Bank purchased a new position in HF Sinclair during the 4th quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC lifted its position in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after acquiring an additional 1,126,825 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after buying an additional 1,096,485 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DINO. Scotiabank lifted their price objective on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday. Morgan Stanley cut their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Piper Sandler lowered their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price target on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

HF Sinclair Trading Down 1.9%

Shares of DINO stock traded down $0.87 on Friday, hitting $45.15. The stock had a trading volume of 1,752,860 shares, compared to its average volume of 2,571,631. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $52.88. The firm has a market cap of $8.51 billion, a P/E ratio of -58.64 and a beta of 0.93. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $38.67 and a two-hundred day moving average price of $35.27.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The company's revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. As a group, analysts forecast that HF Sinclair Corporation 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 was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

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.