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

Twelve Points Wealth Management LLC boosted its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 53.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its position in HF Sinclair by 1.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 95,407 shares of the company's stock worth $3,112,000 after purchasing an additional 1,509 shares during the last quarter. M&T Bank Corp grew its position in HF Sinclair by 20.2% in the 1st quarter. M&T Bank Corp now owns 31,294 shares of the company's stock worth $1,029,000 after purchasing an additional 5,249 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in HF Sinclair by 8.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 10,659 shares of the company's stock worth $350,000 after purchasing an additional 873 shares during the last quarter. TD Private Client Wealth LLC grew its position in HF Sinclair by 21.3% in the 1st quarter. TD Private Client Wealth LLC now owns 4,589 shares of the company's stock worth $151,000 after purchasing an additional 807 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in HF Sinclair by 47.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 176,300 shares of the company's stock worth $5,797,000 after purchasing an additional 56,596 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DINO has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Piper Sandler decreased their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. TD Cowen raised 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. Barclays set a $43.00 price objective on shares of HF Sinclair and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Five 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 has an average rating of "Moderate Buy" and an average price target of $46.00.

HF Sinclair Price Performance

DINO stock traded down $0.87 during trading on Friday, hitting $45.15. 1,752,860 shares of the stock traded hands, compared to its average volume of 2,569,220. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $52.88. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of -58.64 and a beta of 0.93. The company has a 50 day simple moving average of $38.67 and a 200 day simple moving average of $35.27. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29.

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 (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period last year, the firm posted $0.71 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. Equities analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared 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 4.43%. The ex-dividend date of this dividend was Thursday, May 15th. 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.