48,407 Shares in HF Sinclair Co. (NYSE:DINO) Purchased by WBI Investments LLC

WBI Investments LLC bought a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,407 shares of the company's stock, valued at approximately $1,697,000.

Several other hedge funds have also modified their holdings of the stock. Gateway Investment Advisers LLC purchased a new position in HF Sinclair in the fourth quarter valued at approximately $222,000. Merit Financial Group LLC purchased a new position in HF Sinclair in the fourth quarter valued at approximately $263,000. HB Wealth Management LLC raised its holdings in HF Sinclair by 7.9% in the fourth quarter. HB Wealth Management LLC now owns 12,600 shares of the company's stock valued at $442,000 after buying an additional 923 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new position in HF Sinclair in the fourth quarter valued at approximately $27,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DINO has been the topic of several research reports. 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. Barclays raised their price target 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. Wells Fargo & Company cut their price target on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler dropped their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.30.

HF Sinclair Stock Performance

DINO stock traded up $0.13 during trading on Friday, hitting $35.58. 1,617,786 shares of the company's stock traded hands, compared to its average volume of 2,480,457. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $57.11. The stock has a fifty day moving average price of $31.78 and a two-hundred day moving average price of $35.17. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 43.39 and a beta of 0.81.

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

HF Sinclair Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 5.62%. HF Sinclair's payout ratio is -259.74%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. The trade was a 3.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by insiders.

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.