Y Intercept Hong Kong Ltd Invests $1.59 Million in HF Sinclair Corporation (NYSE:DINO)

Y Intercept Hong Kong Ltd acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 48,205 shares of the company's stock, valued at approximately $1,585,000.

A number of other hedge funds have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at $31,000. Byrne Asset Management LLC acquired a new position in shares of HF Sinclair during the first quarter valued at about $35,000. Allworth Financial LP lifted its stake in shares of HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after buying an additional 1,130 shares during the period. UMB Bank n.a. grew its position in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after buying an additional 1,498 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings 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 period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DINO. Raymond James Financial upgraded shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective for the company in a report on Tuesday, July 15th. TD Cowen raised their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Wolfe Research cut HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $53.00 to $51.00 in a report on Tuesday, July 22nd. Finally, Morgan Stanley raised their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.27.

HF Sinclair Price Performance

HF Sinclair stock traded down $0.71 during mid-day trading on Friday, reaching $43.16. 4,408,817 shares of the company were exchanged, compared to its average volume of 2,122,259. The company has a fifty day simple moving average of $40.51 and a 200-day simple moving average of $35.93. The firm has a market cap of $8.13 billion, a PE ratio of -56.05 and a beta of 0.93. 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 12 month low of $24.66 and a 12 month high of $52.88.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Thursday, May 15th. 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.