7,600 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,600 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth approximately $195,000. Janney Montgomery Scott LLC raised its stake in HF Sinclair by 85.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,807 shares of the company's stock worth $2,412,000 after acquiring an additional 31,719 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after acquiring an additional 2,655 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of HF Sinclair by 10.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 303,967 shares of the company's stock valued at $10,654,000 after purchasing an additional 29,162 shares in the last quarter. Finally, Highland Capital Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $208,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Up 3.4%

DINO traded up $1.21 on Tuesday, hitting $36.81. 2,476,839 shares of the company were exchanged, compared to its average volume of 2,495,709. The company has a market cap of $6.93 billion, a PE ratio of 44.88 and a beta of 0.81. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $55.22. The stock's fifty day moving average is $32.08 and its 200-day moving average is $34.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $6.72 billion. During the same period last year, the business earned $0.71 earnings per share. The firm's revenue was down 9.3% on a year-over-year basis. Equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 5.43%. HF Sinclair's dividend payout ratio is -259.74%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Mizuho raised shares of 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. 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 research report on Friday, April 11th. Morgan Stanley dropped their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Barclays lifted their price objective on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, HF Sinclair presently has an average 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.