HF Sinclair Co. (NYSE:DINO) Position Increased by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. increased its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,677 shares of the company's stock after acquiring an additional 14,068 shares during the quarter. HF Sinclair accounts for approximately 3.2% of Arkfeld Wealth Strategies L.L.C.'s portfolio, making the stock its 9th largest position. Arkfeld Wealth Strategies L.L.C. owned approximately 0.12% of HF Sinclair worth $7,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after buying an additional 327 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in HF Sinclair by 98.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after purchasing an additional 796 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after buying an additional 417 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Scotiabank reduced their price target 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. Barclays upped their target price on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. TD Cowen lifted their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Wells Fargo & Company dropped their target price on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Finally, Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and raised 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 given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.30.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded up $0.45 on Friday, hitting $36.77. The company's stock had a trading volume of 1,913,456 shares, compared to its average volume of 2,511,988. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 44.84 and a beta of 0.90. The firm has a fifty day moving average price of $32.27 and a 200-day moving average price of $34.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 1 year low of $24.66 and a 1 year high of $54.48.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.44%. The ex-dividend date was Thursday, May 15th. HF Sinclair's payout ratio is currently -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.