Total Wealth Planning & Management Inc. Invests $348,000 in HF Sinclair Co. (NYSE:DINO)

Total Wealth Planning & Management Inc. purchased a new stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,916 shares of the company's stock, valued at approximately $348,000.

Other large investors also recently bought and sold shares of the company. Amundi lifted its position in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after acquiring an additional 996,155 shares during the period. Aigen Investment Management LP lifted its position in HF Sinclair by 124.9% during the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after acquiring an additional 35,121 shares during the period. Norges Bank purchased a new position in HF Sinclair in the fourth quarter worth about $41,317,000. Blue Trust Inc. raised its holdings in HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock worth $254,000 after buying an additional 2,655 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in HF Sinclair by 457.7% in the fourth quarter. Wellington Management Group LLP now owns 50,482 shares of the company's stock worth $1,769,000 after buying an additional 41,430 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DINO shares. Barclays boosted their price objective 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. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price target for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Scotiabank reduced their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler cut their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, TD Cowen upped 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. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.30.

HF Sinclair Stock Performance

NYSE:DINO traded up $0.49 during mid-day trading on Thursday, hitting $36.59. 3,007,377 shares of the company's stock traded hands, compared to its average volume of 2,497,949. The firm has a 50 day moving average of $31.91 and a two-hundred day moving average of $35.05. HF Sinclair Co. has a 12 month low of $24.66 and a 12 month high of $55.24. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 44.62 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

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

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.47%. HF Sinclair's dividend payout ratio is -259.74%.

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.