Wealth Enhancement Advisory Services LLC Buys 21,597 Shares of HF Sinclair Corporation (NYSE:DINO)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 72.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 51,230 shares of the company's stock after purchasing an additional 21,597 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in HF Sinclair were worth $1,684,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair in the fourth quarter valued at about $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares during the last quarter. UMB Bank n.a. raised its position in HF Sinclair by 2,202.9% in the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after buying an additional 1,498 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised 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 buying an additional 796 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Piper Sandler decreased their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. TD Cowen raised their price target on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Morgan Stanley decreased their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Barclays raised their price target on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, Scotiabank decreased their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.70.

HF Sinclair Stock Performance

NYSE:DINO opened at $41.24 on Monday. The stock has a market cap of $7.77 billion, a P/E ratio of -53.56 and a beta of 0.90. The stock has a 50 day simple moving average of $35.96 and a 200 day simple moving average of $34.64. 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 Corporation has a 1-year low of $24.66 and a 1-year high of $54.48.

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

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.85%. HF Sinclair's dividend payout ratio is presently -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.

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