Juncture Wealth Strategies LLC Purchases Shares of 8,087 HF Sinclair Co. (NYSE:DINO)

Juncture Wealth Strategies LLC acquired a new position in HF Sinclair Co. (NYSE:DINO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,087 shares of the company's stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the fourth quarter worth about $31,000. Lee Danner & Bass Inc. acquired a new position in shares of HF Sinclair in the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew 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 during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of HF Sinclair by 98.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after purchasing an additional 796 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in HF Sinclair by 33.4% during the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after purchasing an additional 417 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Down 3.2%

Shares of NYSE:DINO traded down $1.19 during midday trading on Wednesday, hitting $35.61. 3,156,700 shares of the stock were exchanged, compared to its average volume of 2,502,696. The business's fifty day simple moving average is $32.15 and its two-hundred day simple moving average is $34.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $54.48. The company has a market capitalization of $6.71 billion, a PE ratio of 43.43 and a beta of 0.81.

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 return on equity of 1.98% and a net margin of 0.62%. 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, research analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.62%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio is -259.74%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DINO shares. Morgan Stanley decreased their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their price target on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Piper Sandler cut their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $43.30.

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.