Whittier Trust Co. Grows Holdings in HF Sinclair Corporation (NYSE:DINO)

Whittier Trust Co. boosted its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,550 shares of the company's stock after purchasing an additional 9,302 shares during the quarter. Whittier Trust Co. owned approximately 0.10% of HF Sinclair worth $6,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DINO. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 327 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in HF Sinclair by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after acquiring an additional 379 shares during the last quarter. Bank & Trust Co lifted its stake in HF Sinclair by 8.7% during the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after purchasing an additional 389 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of HF Sinclair by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock worth $1,473,000 after purchasing an additional 400 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of HF Sinclair by 5.8% during the 4th quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock valued at $262,000 after purchasing an additional 412 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DINO shares. TD Cowen boosted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Piper Sandler upped their price target on shares of HF Sinclair from $43.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday. Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective on the stock in a report on Tuesday. Finally, Scotiabank boosted their target price on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.45.

HF Sinclair Trading Up 1.4%

Shares of HF Sinclair stock traded up $0.62 during midday trading on Thursday, reaching $43.49. 839,617 shares of the company's stock traded hands, compared to its average volume of 2,566,906. The stock has a 50 day moving average of $39.34 and a 200-day moving average of $35.47. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88. The company has a market cap of $8.19 billion, a PE ratio of -56.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87.

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 business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued 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 4.60%. HF Sinclair's dividend payout ratio (DPR) is -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.