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

Janney Montgomery Scott LLC boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,448 shares of the company's stock after buying an additional 19,641 shares during the period. Janney Montgomery Scott LLC's holdings in HF Sinclair were worth $2,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in HF Sinclair by 76.2% during the fourth quarter. New York State Common Retirement Fund now owns 188,206 shares of the company's stock valued at $6,597,000 after buying an additional 81,390 shares during the period. IFP Advisors Inc increased its holdings in shares of HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after purchasing an additional 417 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in shares of HF Sinclair by 118.1% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 289,987 shares of the company's stock worth $10,164,000 after purchasing an additional 157,001 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in HF Sinclair during the fourth quarter valued at approximately $819,000. Finally, Metis Global Partners LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $360,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DINO. Scotiabank dropped their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler lowered their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. TD Cowen raised their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price target on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 11th. Finally, Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $40.00 to $47.00 in a 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.70.

HF Sinclair Price Performance

Shares of DINO stock traded down $0.16 during trading hours on Wednesday, reaching $40.91. 2,319,377 shares of the company were exchanged, compared to its average volume of 2,547,524. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $54.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The stock's fifty day moving average is $35.20 and its two-hundred day moving average is $34.62. The company has a market cap of $7.71 billion, a price-to-earnings ratio of -53.13 and a beta of 0.90.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. The company had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The business's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Sell-side analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed 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. 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 4.89%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

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.