Envestnet Asset Management Inc. Has $5.80 Million Stake in HF Sinclair Corporation (NYSE:DINO)

Envestnet Asset Management Inc. lifted its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 47.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 176,300 shares of the company's stock after acquiring an additional 56,596 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of HF Sinclair worth $5,797,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in HF Sinclair by 3.2% in the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 66,320 shares of the company's stock worth $2,181,000 after buying an additional 2,045 shares during the period. Pacific Heights Asset Management LLC grew its stake in HF Sinclair by 9.1% in the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after acquiring an additional 20,000 shares during the period. Aviance Capital Partners LLC grew its stake in HF Sinclair by 82.1% in the 1st quarter. Aviance Capital Partners LLC now owns 56,897 shares of the company's stock valued at $1,871,000 after acquiring an additional 25,658 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of HF Sinclair in the first quarter valued at about $237,000. Finally, Principal Financial Group Inc. boosted its holdings in HF Sinclair by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock worth $42,399,000 after buying an additional 27,764 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Scotiabank upped their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Finally, Piper Sandler lowered shares of HF Sinclair from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $53.00 to $51.00 in a report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $48.27.

HF Sinclair Price Performance

Shares of NYSE:DINO traded down $0.71 during trading hours on Friday, hitting $43.16. 4,408,817 shares of the company's stock traded hands, compared to its average volume of 2,122,259. The company has a market cap of $8.13 billion, a price-to-earnings ratio of -56.05 and a beta of 0.93. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $52.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87. The company's fifty day simple moving average is $40.51 and its two-hundred day simple moving average is $35.93.

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

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.63%. 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.