HF Sinclair Corporation (NYSE:DINO) Shares Purchased by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. raised its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 28.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,246 shares of the company's stock after purchasing an additional 14,777 shares during the quarter. HF Sinclair accounts for about 1.3% of Mader & Shannon Wealth Management Inc.'s holdings, making the stock its 18th biggest holding. Mader & Shannon Wealth Management Inc.'s holdings in HF Sinclair were worth $2,211,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. South Dakota Investment Council increased its stake in shares of HF Sinclair by 59.7% in the first quarter. South Dakota Investment Council now owns 401,143 shares of the company's stock valued at $13,190,000 after buying an additional 149,995 shares during the period. Buckhead Capital Management LLC grew its stake in HF Sinclair by 6.3% during the first quarter. Buckhead Capital Management LLC now owns 71,558 shares of the company's stock worth $2,353,000 after purchasing an additional 4,237 shares during the period. Kingsview Wealth Management LLC acquired a new stake in HF Sinclair during the first quarter worth approximately $274,000. DDD Partners LLC grew its stake in HF Sinclair by 185.5% during the first quarter. DDD Partners LLC now owns 516,024 shares of the company's stock worth $16,967,000 after purchasing an additional 335,262 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its stake in HF Sinclair by 15.0% during the first quarter. Kornitzer Capital Management Inc. KS now owns 497,971 shares of the company's stock worth $16,373,000 after purchasing an additional 64,816 shares during the period. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

Shares of DINO stock traded up $0.48 during trading hours on Tuesday, hitting $44.88. The stock had a trading volume of 2,125,077 shares, compared to its average volume of 2,576,867. The stock's 50-day moving average price is $39.72 and its two-hundred day moving average price is $35.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $52.88. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of -58.28 and a beta of 0.93.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping 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 company had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. Equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.46%. HF Sinclair's payout ratio is -259.74%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DINO shares. Scotiabank raised their target price 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 raised their target price 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. Piper Sandler reiterated a "neutral" rating and issued a $51.00 price target (down from $53.00) on shares of HF Sinclair in a research report on Tuesday. Mizuho upgraded 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. Finally, Wolfe Research cut HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.27.

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.