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

Hara Capital LLC boosted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 1,550.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,492 shares of the company's stock after purchasing an additional 54,009 shares during the quarter. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its position in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares in the last quarter. Byrne Asset Management LLC acquired a new position in HF Sinclair during the 1st quarter worth approximately $35,000. Finally, Allworth Financial LP increased its position in HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Up 2.9%

DINO traded up $1.28 during trading on Thursday, reaching $46.02. 2,303,377 shares of the company's stock were exchanged, compared to its average volume of 2,570,755. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $52.88. 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 firm has a fifty day moving average price of $38.11 and a two-hundred day moving average price of $35.11.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company's quarterly revenue was down 9.3% on a year-over-year basis. Equities research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -259.74%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DINO shares. Morgan Stanley lowered 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 report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Scotiabank lowered their price objective on shares of 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. Finally, Barclays boosted their target price on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.80.

HF Sinclair Company 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.