Tidal Investments LLC Purchases 17,739 Shares of HF Sinclair Co. (NYSE:DINO)

Tidal Investments LLC raised its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,715 shares of the company's stock after buying an additional 17,739 shares during the period. Tidal Investments LLC's holdings in HF Sinclair were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DINO. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after purchasing an additional 558 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of HF Sinclair by 98.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after purchasing an additional 796 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DINO. Barclays raised their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. TD Cowen lifted their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a 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. Morgan Stanley lowered their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company lowered their target price on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.30.

HF Sinclair Trading Down 1.5%

NYSE DINO traded down $0.53 on Thursday, hitting $35.58. The company's stock had a trading volume of 880,819 shares, compared to its average volume of 2,485,232. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $55.77. The company's 50-day moving average is $31.91 and its 200 day moving average is $35.05. The firm has a market cap of $6.70 billion, a PE ratio of 43.43 and a beta of 0.81.

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

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

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.