Twelve Points Wealth Management LLC Acquires 11,928 Shares of HF Sinclair Corporation (NYSE:DINO)

Twelve Points Wealth Management LLC boosted its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,149 shares of the company's stock after purchasing an additional 11,928 shares during the period. Twelve Points Wealth Management LLC's holdings in HF Sinclair were worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in shares of HF Sinclair in the fourth quarter valued at approximately $819,000. Arizona State Retirement System increased its stake in shares of HF Sinclair by 1.4% in the fourth quarter. Arizona State Retirement System now owns 47,109 shares of the company's stock valued at $1,651,000 after buying an additional 643 shares during the period. Raymond James Financial Inc. acquired a new position in shares of HF Sinclair in the fourth quarter valued at approximately $8,830,000. Amundi increased its stake in shares of HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after buying an additional 996,155 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of HF Sinclair by 1,335.6% in the fourth quarter. AlphaQuest LLC now owns 30,319 shares of the company's stock valued at $1,063,000 after buying an additional 28,207 shares during the period. Institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 3.0%

Shares of DINO stock traded up $1.36 during trading hours on Thursday, hitting $46.10. 853,788 shares of the company were exchanged, compared to its average volume of 3,027,129. The firm has a market cap of $8.69 billion, a P/E ratio of -59.84 and a beta of 0.93. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $52.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87. The company has a 50 day simple moving average of $38.11 and a two-hundred day simple moving average of $35.11.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.14. The company had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The company's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. Equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Cowen upped their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Scotiabank decreased their target price 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. Barclays increased their target price on shares of HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday. Wells Fargo & Company increased their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. Finally, Piper Sandler decreased their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.80.

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.