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

Tidal Investments LLC lifted its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 55.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,715 shares of the company's stock after purchasing 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 (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Teza Capital Management LLC purchased a new position in HF Sinclair in the 4th quarter worth approximately $244,000. True Wealth Design LLC raised its position in shares of HF Sinclair by 193.6% during the fourth quarter. True Wealth Design LLC now owns 1,732 shares of the company's stock valued at $61,000 after buying an additional 1,142 shares during the last quarter. Summit Street Capital Management LLC lifted its holdings in shares of HF Sinclair by 15.2% in the fourth quarter. Summit Street Capital Management LLC now owns 211,420 shares of the company's stock worth $7,410,000 after buying an additional 27,845 shares in the last quarter. Thomist Capital Management LP lifted its holdings in shares of HF Sinclair by 2.5% in the fourth quarter. Thomist Capital Management LP now owns 274,158 shares of the company's stock worth $9,447,000 after buying an additional 6,658 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of HF Sinclair by 6.7% during the fourth quarter. Toronto Dominion Bank now owns 21,838 shares of the company's stock worth $765,000 after acquiring an additional 1,377 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DINO shares. Morgan Stanley reduced their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Piper Sandler decreased their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Barclays increased their price target on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, TD Cowen lifted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.30.

HF Sinclair Trading Down 1.4%

NYSE DINO traded down $0.51 on Wednesday, hitting $36.09. 2,643,977 shares of the stock were exchanged, compared to its average volume of 2,486,776. 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 Co. has a 52-week low of $24.66 and a 52-week high of $56.96. The firm has a market capitalization of $6.80 billion, a P/E ratio of 44.01 and a beta of 0.81. The stock has a fifty day moving average price of $31.86 and a two-hundred day moving average price of $35.04.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business's revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. Research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.54%. HF Sinclair's dividend payout ratio (DPR) is presently -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.