Merit Financial Group LLC Grows Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Merit Financial Group LLC lifted its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 280.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,589 shares of the company's stock after purchasing an additional 21,074 shares during the period. Merit Financial Group LLC's holdings in HF Sinclair were worth $940,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DINO. Dimensional Fund Advisors LP lifted its position in HF Sinclair by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock valued at $240,026,000 after acquiring an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after acquiring an additional 617,218 shares during the last quarter. First Trust Advisors LP lifted its position in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Southeastern Asset Management Inc. TN purchased a new stake in HF Sinclair in the fourth quarter valued at $96,344,000. Finally, AQR Capital Management LLC lifted its position in HF Sinclair by 61.6% in the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock valued at $82,536,000 after acquiring an additional 906,225 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Up 1.2%

Shares of HF Sinclair stock opened at $36.77 on Friday. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $54.48. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $32.34 and its 200-day simple moving average is $34.70. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 44.84 and a beta of 0.90.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The business's revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DINO. Barclays boosted their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Piper Sandler reduced their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Scotiabank reduced their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, TD Cowen upped their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.30.

HF Sinclair 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.

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