Kornitzer Capital Management Inc. KS Boosts Holdings in HF Sinclair Corporation (NYSE:DINO)

Kornitzer Capital Management Inc. KS lifted its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 15.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 497,971 shares of the company's stock after purchasing an additional 64,816 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.26% of HF Sinclair worth $16,373,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DINO. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in HF Sinclair in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in shares of HF Sinclair in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in HF Sinclair in the 1st quarter valued at $35,000. Finally, Allworth Financial LP boosted its stake in HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after purchasing an additional 1,130 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO traded up $0.84 during trading hours on Thursday, reaching $43.71. The company had a trading volume of 1,857,147 shares, compared to its average volume of 2,570,805. 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 Corporation has a 12-month low of $24.66 and a 12-month high of $52.88. The firm has a 50 day simple moving average of $39.34 and a 200-day simple moving average of $35.47. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of -56.76 and a beta of 0.93.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion during 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%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.58%. HF Sinclair's dividend payout ratio is presently -259.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DINO. Wolfe Research lowered shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday. Piper Sandler raised their price target on HF Sinclair from $43.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Raymond James Financial raised HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective for the company in a research report on Tuesday. Finally, TD Cowen lifted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.45.

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.