Rafferty Asset Management LLC Boosts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Rafferty Asset Management LLC raised its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 27.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,658 shares of the company's stock after purchasing an additional 36,320 shares during the period. Rafferty Asset Management LLC owned about 0.09% of HF Sinclair worth $5,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 327 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of HF Sinclair by 1.9% in the 4th 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 last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of HF Sinclair by 0.6% in the 4th 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 in the last quarter. Evergreen Private Wealth LLC lifted its position in shares of HF Sinclair by 1.5% during the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock worth $938,000 after purchasing an additional 392 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of HF Sinclair by 5.8% during the fourth quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock worth $262,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Performance

Shares of DINO stock traded down $1.19 during trading hours on Wednesday, hitting $34.96. The stock had a trading volume of 2,850,882 shares, compared to its average volume of 2,476,271. 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 firm has a market capitalization of $6.59 billion, a PE ratio of 42.63 and a beta of 0.81. The stock's 50 day moving average is $31.64 and its 200 day moving average is $35.23. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $57.30.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter in the prior year, the business earned $0.71 EPS. HF Sinclair's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, research analysts forecast 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 will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.72%. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DINO shares. TD Cowen lifted their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Scotiabank decreased their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley lowered their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of 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, Barclays boosted their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.30.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This trade represents a 3.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

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.