Mirae Asset Global Investments Co. Ltd. lifted its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,700 shares of the company's stock after purchasing an additional 9,070 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of HF Sinclair worth $4,354,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% during 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 during the 1st quarter valued at about $35,000. Finally, UMB Bank n.a. increased its stake in HF Sinclair by 2,202.9% during the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after purchasing an additional 1,498 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on DINO. Scotiabank cut their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company increased their target price on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 11th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. TD Cowen upped their price target on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Finally, Barclays increased their price objective on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.70.
Get Our Latest Stock Report on HF Sinclair
HF Sinclair Stock Performance
DINO stock traded up $1.46 during trading on Wednesday, reaching $43.57. The stock had a trading volume of 2,909,529 shares, compared to its average volume of 2,556,948. The firm has a market cap of $8.21 billion, a PE ratio of -56.58 and a beta of 0.93. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. The stock's 50 day moving average is $36.44 and its two-hundred day moving average is $34.72. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $54.48.
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. The firm had revenue of $6.37 billion for 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%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. As a group, equities analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current year.
HF Sinclair Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.
HF Sinclair Profile
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Free Report)
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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