Jackson Hole Capital Partners LLC Has $1.59 Million Stock Position in HF Sinclair Corporation (NYSE:DINO)

Jackson Hole Capital Partners LLC grew its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 23.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,275 shares of the company's stock after buying an additional 9,016 shares during the quarter. Jackson Hole Capital Partners LLC's holdings in HF Sinclair were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DINO. Commonwealth Equity Services LLC raised its holdings in shares of HF Sinclair by 17.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 30,937 shares of the company's stock worth $1,084,000 after purchasing an additional 4,643 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of HF Sinclair by 6.0% during the 4th quarter. Corient Private Wealth LLC now owns 33,339 shares of the company's stock worth $1,169,000 after acquiring an additional 1,896 shares in the last quarter. LPL Financial LLC grew its holdings in shares of HF Sinclair by 64.0% in the 4th quarter. LPL Financial LLC now owns 106,950 shares of the company's stock worth $3,749,000 after acquiring an additional 41,743 shares during the last quarter. Prudential Financial Inc. raised its holdings in HF Sinclair by 22.1% during the 4th quarter. Prudential Financial Inc. now owns 192,127 shares of the company's stock worth $6,734,000 after buying an additional 34,729 shares during the period. Finally, Korea Investment CORP raised its holdings in shares of HF Sinclair by 271.3% during the fourth quarter. Korea Investment CORP now owns 138,369 shares of the company's stock valued at $4,850,000 after acquiring an additional 101,100 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DINO shares. TD Cowen lifted 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. Scotiabank boosted their price objective on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Barclays boosted their price objective on HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Finally, Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $53.00 to $51.00 in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $48.27.

HF Sinclair Stock Up 2.6%

NYSE DINO traded up $1.14 during trading on Monday, hitting $44.32. The stock had a trading volume of 832,280 shares, compared to its average volume of 2,966,183. The company has a market capitalization of $8.35 billion, a PE ratio of -57.48 and a beta of 0.93. The company's 50-day moving average price is $40.51 and its two-hundred day moving average price is $35.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88.

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, 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 firm had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The business's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend 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.