Pacific Heights Asset Management LLC Boosts Holdings in HF Sinclair Corporation (NYSE:DINO)

Pacific Heights Asset Management LLC increased its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 9.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,000 shares of the company's stock after buying an additional 20,000 shares during the quarter. Pacific Heights Asset Management LLC owned 0.13% of HF Sinclair worth $7,891,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair in the fourth quarter worth approximately $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares in the last quarter. Byrne Asset Management LLC bought a new position in HF Sinclair in the 1st quarter worth $35,000. Finally, UMB Bank n.a. raised 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 purchasing an additional 1,498 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on DINO shares. Piper Sandler reduced their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Scotiabank reduced their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Barclays raised their target price 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 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 report on Wednesday, June 11th. Finally, TD Cowen increased their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and a consensus target price of $43.70.

HF Sinclair Stock Up 1.4%

DINO stock traded up $0.59 during midday trading on Friday, hitting $44.15. The company's stock had a trading volume of 1,433,565 shares, compared to its average volume of 2,562,535. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88. The company has a 50 day moving average of $36.99 and a two-hundred day moving average of $34.84.

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, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Equities research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

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. This represents a $2.00 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's payout ratio is currently -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.