Twelve Points Wealth Management LLC Has $1.12 Million Stock Position in HF Sinclair Corporation (NYSE:DINO)

Twelve Points Wealth Management LLC grew its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 53.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,149 shares of the company's stock after buying an additional 11,928 shares during the quarter. Twelve Points Wealth Management LLC's holdings in HF Sinclair were worth $1,123,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Southeastern Asset Management Inc. TN acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $96,344,000. Balyasny Asset Management L.P. increased its position in shares of HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after purchasing an additional 1,593,875 shares in the last quarter. Norges Bank acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $41,317,000. Thompson Siegel & Walmsley LLC increased its position in shares of HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after purchasing an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Up 2.9%

Shares of NYSE DINO traded up $1.28 during mid-day trading on Thursday, hitting $46.02. The company's stock had a trading volume of 2,303,377 shares, compared to its average volume of 2,570,755. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of -59.77 and a beta of 0.93. The company's fifty day simple moving average is $38.41 and its 200-day simple moving average is $35.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $52.88.

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 for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The business had revenue of $6.37 billion for 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%. HF Sinclair's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. On average, sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.35%. HF Sinclair's dividend payout ratio is -259.74%.

Wall Street Analyst Weigh In

DINO has been the topic of a number of research analyst reports. TD Cowen increased their price objective 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 increased their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Scotiabank decreased 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. Finally, Morgan Stanley decreased 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. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.