HF Sinclair Co. (NYSE:DINO) Stock Holdings Lessened by Vest Financial LLC

Vest Financial LLC lessened its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 58.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,004 shares of the company's stock after selling 42,794 shares during the period. Vest Financial LLC's holdings in HF Sinclair were worth $987,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock valued at $240,026,000 after buying an additional 737,696 shares during the period. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after purchasing an additional 617,218 shares in the last quarter. First Trust Advisors LP grew its position in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. Southeastern Asset Management Inc. TN acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $96,344,000. Finally, AQR Capital Management LLC lifted its stake in HF Sinclair by 61.6% in the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock valued at $82,536,000 after acquiring an additional 906,225 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

NYSE DINO opened at $36.77 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $54.48. The company has a market capitalization of $6.93 billion, a PE ratio of 44.84 and a beta of 0.90. The firm's 50 day moving average is $32.34 and its 200-day moving average is $34.65.

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

HF Sinclair Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 note on Monday, May 12th. Wells Fargo & Company reduced their target price on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley reduced their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Piper Sandler reduced their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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