RWC Asset Management LLP Has $2.04 Million Holdings in HF Sinclair Corporation (NYSE:DINO)

Key Points

• RWC Asset Management LLP significantly increased its stake in HF Sinclair Corporation by 553.7%, acquiring an additional 52,450 shares, bringing its total holdings to 61,922 shares valued at approximately $2,036,000.
• HF Sinclair Corporation's stock received multiple analyst upgrades, raising target prices to between $29.00 and $54.00, while the average target price currently stands at $48.27.
• The company announced a quarterly dividend of $0.50 per share, providing an annual yield of 4.63%, although it has a payout ratio of -259.74%, indicating potential financial challenges.

RWC Asset Management LLP lifted its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 553.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,922 shares of the company's stock after buying an additional 52,450 shares during the quarter. RWC Asset Management LLP's holdings in HF Sinclair were worth $2,036,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DINO. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter valued at $31,000. Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair during the first quarter worth $35,000. Allworth Financial LP lifted its holdings in shares of 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 buying an additional 1,130 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of 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 buying an additional 1,498 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of 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 buying an additional 796 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Up 0.7%

Shares of NYSE:DINO traded up $0.29 during midday trading on Thursday, hitting $43.72. 1,889,487 shares of the stock were exchanged, compared to its average volume of 2,965,548. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of -56.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87. The business's 50-day moving average price is $41.03 and its 200 day moving average price is $36.12. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays raised their price target 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. Wells Fargo & Company raised their price target on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Piper Sandler cut HF Sinclair from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $53.00 to $51.00 in a research report on Tuesday, July 22nd. TD Cowen raised their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Finally, Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price target on the stock in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.27.

HF Sinclair Company 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.