Total Wealth Planning & Management Inc. Purchases New Shares in HF Sinclair Co. (NYSE:DINO)

Total Wealth Planning & Management Inc. bought a new position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,916 shares of the company's stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its position in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in HF Sinclair by 98.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after acquiring an additional 796 shares during the period. Finally, IFP Advisors Inc increased its position in HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock valued at $58,000 after acquiring an additional 417 shares during the period. Institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Performance

NYSE:DINO traded down $0.44 on Friday, reaching $36.12. 3,100,940 shares of the company's stock were exchanged, compared to its average volume of 2,503,566. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 44.05 and a beta of 0.81. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $55.24. The stock has a fifty day simple moving average of $32.04 and a 200-day simple moving average of $34.97.

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

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DINO. Wells Fargo & Company cut their target price on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Scotiabank lowered their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays upped their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Morgan Stanley lowered their price objective 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. Finally, Piper Sandler lowered their target price 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, 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.