Janney Montgomery Scott LLC Purchases 19,641 Shares of HF Sinclair Corporation (NYSE:DINO)

Janney Montgomery Scott LLC increased its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 28.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,448 shares of the company's stock after purchasing an additional 19,641 shares during the quarter. Janney Montgomery Scott LLC's holdings in HF Sinclair were worth $2,908,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of HF Sinclair during the 1st quarter valued at approximately $35,000. Finally, UMB Bank n.a. boosted its holdings in HF Sinclair by 2,202.9% in the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after buying an additional 1,498 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Ratings Changes

DINO has been the topic of a number of analyst reports. Scotiabank lowered their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Wells Fargo & Company raised their target price on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Finally, Barclays lifted their target price on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and an average price target of $43.70.

HF Sinclair Price Performance

NYSE DINO traded down $0.35 during trading on Friday, reaching $41.24. The company's stock had a trading volume of 2,858,994 shares, compared to its average volume of 2,557,177. The firm has a fifty day moving average of $35.96 and a 200 day moving average of $34.66. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $54.48. The stock has a market capitalization of $7.77 billion, a PE ratio of -53.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.14. The company had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. HF Sinclair's revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid 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 yield of 4.85%. HF Sinclair's dividend payout ratio is presently -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.