Manning & Napier Advisors LLC Has $450,000 Position in HF Sinclair Corporation (NYSE:DINO)

Manning & Napier Advisors LLC reduced its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 57.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after purchasing an additional 737,696 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after buying an additional 617,218 shares during the period. First Trust Advisors LP increased its position in shares of HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after acquiring an additional 1,096,485 shares in the last quarter. Southeastern Asset Management Inc. TN acquired a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $96,344,000. Finally, AQR Capital Management LLC raised its holdings in shares of HF Sinclair by 61.6% during the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock valued at $82,536,000 after acquiring an additional 906,225 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DINO has been the topic of several recent analyst reports. TD Cowen boosted their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Piper Sandler lowered their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company increased their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Barclays lifted their price objective on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Scotiabank dropped their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.70.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded down $0.35 during trading on Friday, hitting $41.24. 2,838,982 shares of the stock were exchanged, compared to its average volume of 2,549,963. The company's fifty day simple moving average is $35.72 and its 200-day simple moving average is $34.68. 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 has a market capitalization of $7.77 billion, a price-to-earnings ratio of -53.56 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.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates 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%. During the same quarter in the previous year, the company earned $0.71 earnings per share. The business's revenue was down 9.3% compared to the same quarter last year. Sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 4.85%. HF Sinclair's payout ratio is currently -259.74%.

HF Sinclair Company Profile

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.