Cerity Partners LLC Acquires 50,603 Shares of HF Sinclair Corporation (NYSE:DINO)

Cerity Partners LLC lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 78.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,412 shares of the company's stock after purchasing an additional 50,603 shares during the period. Cerity Partners LLC owned about 0.06% of HF Sinclair worth $3,795,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of HF Sinclair during the fourth quarter valued at $819,000. Raymond James Financial Inc. bought a new position in HF Sinclair during the fourth quarter valued at about $8,830,000. EverSource Wealth Advisors LLC boosted its stake in HF Sinclair by 53.9% during the fourth 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. Commonwealth Equity Services LLC grew its holdings in HF Sinclair by 17.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 30,937 shares of the company's stock worth $1,084,000 after acquiring an additional 4,643 shares during the period. Finally, Natixis Advisors LLC raised its position in HF Sinclair by 15.3% in the fourth quarter. Natixis Advisors LLC now owns 56,953 shares of the company's stock worth $1,996,000 after acquiring an additional 7,569 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Up 0.5%

DINO stock traded up $0.21 during midday trading on Friday, reaching $43.93. The company's stock had a trading volume of 2,456,894 shares, compared to its average volume of 2,582,146. The business's 50-day simple moving average is $39.72 and its 200-day simple moving average is $35.60. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $52.88. The stock has a market cap of $8.28 billion, a PE ratio of -57.05 and a beta of 0.93.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion for 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%. The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.55%. HF Sinclair's payout ratio is presently -259.74%.

Analysts Set New Price Targets

DINO has been the topic of several recent analyst reports. TD Cowen upped their price target on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. 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 report on Tuesday, May 13th. Finally, Piper Sandler boosted their target price on shares of HF Sinclair from $43.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and an average price target of $48.45.

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.