SIR Capital Management L.P. Has $11.60 Million Position in HF Sinclair Co. (NYSE:DINO)

SIR Capital Management L.P. increased its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 33.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 331,078 shares of the company's stock after buying an additional 83,612 shares during the quarter. SIR Capital Management L.P. owned about 0.18% of HF Sinclair worth $11,604,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock valued at $669,000 after buying an additional 367 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in HF Sinclair by 1,001.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,705 shares of the company's stock worth $165,000 after buying an additional 4,278 shares in the last quarter. Gateway Investment Advisers LLC purchased a new position in HF Sinclair during the fourth quarter worth $222,000. Capital Advisors Wealth Management LLC increased its position in HF Sinclair by 19.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 8,560 shares of the company's stock worth $300,000 after buying an additional 1,381 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in HF Sinclair during the fourth quarter worth $263,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DINO. Barclays raised their price target on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Morgan Stanley reduced their target price on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. TD Cowen lifted their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Wells Fargo & Company reduced their price objective on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Finally, Piper Sandler cut their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of "Moderate Buy" and an average price target of $43.30.

HF Sinclair Stock Down 0.7%

Shares of NYSE:DINO traded down $0.26 on Monday, reaching $36.37. The company had a trading volume of 2,363,648 shares, compared to its average volume of 2,468,856. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $58.48. The stock has a 50-day moving average price of $31.43 and a 200 day moving average price of $35.24. The stock has a market capitalization of $6.85 billion, a P/E ratio of 44.35 and a beta of 0.81. 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 (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. The business had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm's revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. On average, equities analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio is -259.74%.

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company's stock.

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.