HF Sinclair Corporation (NYSE:DINO) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC cut its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 57.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,693 shares of the company's stock after selling 18,594 shares during the quarter. Manning & Napier Advisors LLC's holdings in HF Sinclair were worth $450,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% during 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 acquired a new stake in HF Sinclair during the 1st quarter valued at $35,000. Finally, UMB Bank n.a. raised its stake in HF Sinclair by 2,202.9% during the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after purchasing an additional 1,498 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Down 1.9%

DINO stock opened at $41.03 on Tuesday. The firm has a market cap of $7.73 billion, a PE ratio of -53.29 and a beta of 0.90. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $54.48. The company has a fifty day simple moving average of $34.93 and a 200 day simple moving average of $34.57. 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 (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Piper Sandler decreased their target price 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. Barclays raised their price objective on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Wells Fargo & Company lifted their target price 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. Mizuho raised shares of 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 report on Tuesday, May 13th. Finally, TD Cowen raised their price target 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.70.

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.

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