Kingsview Wealth Management LLC Purchases Shares of 8,323 HF Sinclair Corporation (NYSE:DINO)

Kingsview Wealth Management LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,323 shares of the company's stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in HF Sinclair during the fourth quarter worth about $31,000. Byrne Asset Management LLC purchased a new position in HF Sinclair during the first quarter worth about $35,000. Allworth Financial LP raised its holdings in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after purchasing an additional 1,130 shares in the last quarter. UMB Bank n.a. raised its holdings in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after purchasing an additional 1,498 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in HF Sinclair by 98.6% during the fourth 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. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on DINO shares. Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. Barclays lifted their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Scotiabank lifted their price target on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Piper Sandler downgraded shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $53.00 to $51.00 in a research report on Tuesday, July 22nd. Finally, Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.27.

HF Sinclair Price Performance

Shares of DINO traded down $0.71 during mid-day trading on Friday, reaching $43.16. 4,408,817 shares of the company's stock were exchanged, 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. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $52.88. The company has a 50-day simple moving average of $40.51 and a two-hundred day simple moving average of $35.93.

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, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. HF Sinclair's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. On average, sell-side analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders 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 annualized dividend and a yield of 4.63%. HF Sinclair's 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.